The latest VISTAGE Argentina Business Confidence Index has presented a negative outlook for the profitability of the private sector in the country. This study, which has been conducted since 2006, included 355 businesspeople CEOs, senior executives and business owners who shared their opinions on the current economic scenario in Argentina and the future of their organizations.
According to the measurement, 83% of respondents considered that the economy had worsened compared to a year ago, while only 13% estimated that it remained unchanged. Looking ahead to the next 12 months, 50% believed that the situation would deteriorate further, while 37% thought it would improve and 13% predicted no changes.
The study also found that investment in fixed assets for next year is expected to remain relatively stable for many businesses. While 47% believe it will remain unchanged, 31% think it will decrease and only 22% expect an increase. However, with high inflation involved, some businesses are cautious about their company’s turnover growth in the next 12 months. While