Argentina was the third country with the highest inflation in the world in 2019

With a rate of 53.8%, Argentina became the third country in the world with the highest inflation in 2019, after Venezuela and Zimbabwe, according to the latest report of the International Monetary Fund. Its performance contrasts with the one-digit increase in retail prices in the rest of South America and with the situation of the top 20 countries on the list.

Argentina fiscal deficit 2019 was equivalent to 3.9% of GDP

The fiscal deficit of 2019 was ARG$846 billion ($14.13 billion), equivalent to 3.9% of Argentina's GDP, according to the budget execution report published by the Congressional Budget Office (OPC). A higher tax collection and the adjustment over public spending allowed a primary surplus of ARG$5.5 billion or 0.3% of GDP, which implied an improvement of 2.2 percentage points in relation to 2018.

Biotech is rewriting Argentina’s startup DNA

Argentina is becoming a major player in biotechnology and a place primed for startups since the Biotechnolgy Law 2018. One well-established example of a success story is Rosario-based Bioceres which hit the New York Stock Exchange recently. Amongst the ten top are Caspr, Michroma, WeBio, Cell Farm, Alytix, Bitgenia, Beeflow, algaebio, Aplife, and MZP Tecnología.