53% of Argentine businessmen consider that the country is attractive for investments

The situation does not seem to alter the potential that an important sector of Argentine businessmen sees in the country. Beyond the ups and downs, which many recognize as part of the reality of the coming months, are sure bases that make Argentina interesting for investments.

According to the latest survey conducted by consultants BDO and Taquion, 52.9% of owners, CEOs, directors and presidents of national and multinational companies consider that Argentina is an attractive country to invest.

Although the figure is positive, the number of entrepreneurs that they deem appropriate Investing in the country has seen a steady decline in recent years. At the beginning of 2016, 88.4% of those interviewed by BDO and Taquion considered the country attractive for investment.

When asked why, of the 312 respondents, the most popular responses were: "Availability of natural resources" (72.9%) and "Availability of human resources" (65.3%). %).

To a lesser extent, openness to the world also plays a role in positive expectations. 31.3% responded that "regional and global economic integration" is a factor that contributes to the attractiveness of Argentina.

The attraction factor that suffered the most was the "local economic context": it reaped 23%. In January 2016, 50.8% indicated that the economic context was a motivating factor for investment.

With regard to investment zones, those where natural resources are the predominant base. 62% chose "Energy and natural resources", followed by "Agrifood" with 51.1%.

Dollar, in the eye of all

Still holding the potential for positive investment, the various leaders and Business leaders recognize that the exchange rate will still play an important role in the near future. Some 71.8% of respondents concluded that the current exchange rate crisis will be recurrent in the coming months.

However, they have confidence in the government's ability to cope with the strong pressure on the exchange rate. 74.6% believe in a smaller or larger measure that the measures taken will control the exchange rate.
Although the consequences are already expected, with 63.8% estimating that the transfer to prices will be partial, and 35% declare that the transfer to prices will be direct.

They also predict that the downward trend of the Forex will not last, since 95.2% believe that by the end of the year, the exchange rate will be higher than men. Businesses also calculate that there will be a cost that they will have to pay for the transfer at the price of the dollar fluctuations, in many cases for a lower consumption. That's why 60.6% are in favor of updating salaries with a guideline set by the government. Meanwhile, 32.8% believe that there should be no conditions on the part of the public sector.

Investment Plans

A strong affirmation that the investment is still in positive territory but does not finish finding an address the change of strategy of entrepreneurs. As for the investment plans for the second half, 52.1% have not considered investing, while the remaining 47.9% plan to change their plans. investment.

After the last few months, these answers seem to be turning slightly. to uncertain terrain, as although 42.9% say they intend to maintain the investment plans, 40.5% say they have not made a final decision yet.

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