Overview

• Presenting at the 61st IDEA Colloquium, Esteban Domecq said Argentina is still in the relegation zone of global competitiveness.
• IMD’s World Competitiveness Ranking places the country 62nd out of 69, reflecting persistent structural weaknesses.
• Domecq acknowledged macro gains including a sharp disinflation to 31.8% year over year and progress toward a fiscal surplus.
• He identified the main drags as macro instability, a heavy tax regime, rigid labor rules and weak institutions, with setbacks in infrastructure, education and financing.
• He cited high business borrowing costs and shallow credit markets, noting an 83% annual overdraft rate versus projected inflation near 20–22%, and flagged poor logistics performance ranked 73rd of 139.