![]() ![]() In the medium-term, as economic adjustments affect more Argentineans, fewer may be able to come and invest in our area, and more U.S.īusinesses may decide to reduce or even cancel their operations in Argentina, negatively affecting most sectors of our economy. ![]() Corporations with regional or global headquarters in our area may find it more difficult to do business in Argentina. Yet, fewer Argentineans will come, impacting negatively our tourism and retail sectors. In addition, the deep-dive in investors’ confidence will favorably affect our financial and real estate markets as wealthy Argentineans look for more stable financial markets and a safe place to be, far from uncertainty and risk. ![]() The magnitude and timing of its impact is uncertain: In the short-term, low-cost Argentinean beef and other commodities could benefit consumers. The steep depreciation of Argentina’s peso (above 50 percent this year and higher than Turkish Lira’s 43 percent), makes exports from the United States more expensive, and imports from Argentina cheaper. ![]()
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