The latest edition of the VISTAGE Argentina Business Confidence Index presents a challenging outlook for the private sector in the country. This index, which has been conducted since 2006, included input from 355 business leaders, CEOs, senior managers, and business owners who shared their views on the current economic scenario in Argentina and the future prospects for their organizations.

According to the study conducted during the fourth and final quarter of 2023, 83% of participants believe that the economy has worsened compared to a year ago, while only 13% believe it has remained unchanged. Looking ahead to the next 12 months, 50% of respondents expect the situation to deteriorate further, while only 37% anticipate an improvement. This suggests that there is a negative outlook for profitability in the private sector.

Fixed asset investment is another area of concern for businesses in Argentina. According to the survey results, only 47% believe that investment in fixed assets will remain constant next year, while 31% expect it to decrease and just 22% anticipate an increase. With high inflation rates in place, many companies are also uncertain about their turnover prospects over the next year. While 44% of respondents expect their company’s turnover to increase over the next twelve months, just as many (32%) anticipate a decline or no change at all.

Despite these challenges, however, some companies may be able to weather this economic downturn better than others. For example, when asked about workforce projections for next year

By Editor

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