• Fri. May 24th, 2024

Entrepreneurial Optimism in Argentina: Milei’s Economic Reforms Set to Boost Knowledge Economy

BySamantha Jones

Mar 25, 2024
Argentina looks forward to economic reforms by Milei to boost its knowledge economy

A recent study by the business organization Argencon has shown that Argentine entrepreneurs are optimistic about the impact of President Javier Milei’s economic reforms on the country’s employment rates and exports in the knowledge economy sector. According to the survey, 80% of respondents expect an increase in exports as a result of the government’s focus on liberalization policies, with half even predicting export growth to exceed 10%.

The study included 28 companies from the knowledge economy sector, with a majority of respondents coming from information technology and professional services industries. However, there were also smaller representations from marketing, audiovisual services, bioscience, and other areas. In 2023, exports of knowledge-based services in Argentina reached US$8.06 billion, showing an annual increase of 8.8%.

Looking ahead to the future, 70% of respondents anticipate a growth in employment rates, with over half expecting a growth of over 10%. Professional services companies are particularly optimistic, with 33% foreseeing a growth of more than 20%. However, challenges such as difficult access to foreign currency, exchange rate volatility, regulatory complexity, and limitations on paying salaries in US dollars were mentioned as potential obstacles to growth.

Despite these challenges, Argencon’s president Sebasti├ín Mocorrea believes that removing foreign exchange restrictions, stabilizing exchange rates

By Samantha Jones

As a dedicated content writer at newszxcv.com, I bring a passion for storytelling and a keen eye for detail to every piece I create. With a background in journalism and a love for crafting engaging narratives, I strive to deliver informative and captivating content that resonates with our readers. Whether I'm covering breaking news or delving into in-depth features, my goal is to inform, entertain, and inspire through the power of words. Join me on this journey as we explore the ever-evolving world of news together.

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