The following Commercial guidance note Produced in partnership with Diego Krischcautzky of Marval, O'Farrell & Mairal with the collaboration of María Eugenia Carbó provides comprehensive and up to date legal information covering:
Updated March 2019
The Argentine Republic is made up of 23 provinces and its capital, the City of Buenos Aires. Located at the south-east tip of South America, Argentina is the eighth largest country in the world and the second largest in Latin America, covering some 3.8 million square kilometres (approximately 1.5 million square miles). Argentina has an estimated population of over 43 million people, of which approximately 15 million live in the Greater Buenos Aires. The overall population density is about 15 persons per square kilometres.
Argentina is a major economic player in Latin America. Still, 2018 was a difficult year for the Argentine economy with a decrease in its GDP of 3%. Throughout the second half of 2018 the economy was hard hit by high interest rates, soaring inflation, a steep devaluation and downbeat consumer confidence. A major foreign exchange crisis in early 2018 had already led the government to seek the aid of the International Monetary Fund, which agreed to extend a record $US 50bn loan program, subject to certain conditions. The implementation and impact of this on the economic recovery are going to be seen in late 2019 and 2020. According to most predictions, the current year will still carry the effects of the recession and negative growth is expected, although in a range that
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