This profile analyzes the political, economic, social, technological, legal, and environmental (PESTLE) structure in Argentina. Each of the PESTLE factors is explored on four parameters: current strengths, current challenges, future prospects, and future risks.
While economic activity in Argentina has held up better than we at Fitch Solutions had expected in the second half of 2022, we retain the view that conditions will worsen in 2023. We have revised down our 2023 forecasts and now expect that activity will fall by 0.2%. This is a below consensus view. Given the unexpected resilience of the economy in recent quarters, risks are weighted to the upside.