Argentina
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Argentina
Issuer
Abbreviation
Phone
Location
Capital
Official languages
Population
Currency
ISO 4217
Buenos Aires
Argentina
Spanish
45,773,884
ARS
Argentine Peso
Delivery
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Certificate of incorporation
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Articles of association
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Meeting minutes
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Company stamp
Document checklist:
<Economy>
"Argentina's economy has been struggling in recent years, with the country's GDP declining by 2.5% in 2019. This was due to a combination of factors, including a weak currency, high inflation, and a lack of investment. The country's unemployment rate also rose to 10.1% in 2019, up from 8.9% in 2018.
The country's public debt has also been increasing, reaching a record high of $323 billion in 2019. This is due to the government's reliance on borrowing to finance its budget deficit.
Despite these challenges, Argentina has seen some positive economic developments in recent years. The country's exports have grown by 8.2% in 2019, driven by increased demand for agricultural products. This has helped to boost the country's foreign exchange reserves, which now stand at $60.5 billion.
In addition, the government has implemented a number of reforms to improve the country's business environment. These include reducing the corporate tax rate from 35% to 25%, and introducing a new tax on digital services.
Overall, Argentina's economy is facing a number of challenges, but there are some positive signs of progress. With the right policies in place, the country could see a return to economic growth in the near future.
Sources:
1. https://www.worldbank.org/en/country/argentina/overview
2. https://www.imf.org/en/Countries/ARG
3. https://www.tradingeconomics.com/argentina/unemployment-rate"