Capital stock falls since 2007

Since 2007, investment has been on the decline, with an estimated level of less than 10% of GDP this year. The fall is more than double that of the GDP calculated above 10%. This year's decline is understandable after the worldwide collapse of the coronavirus. But it happens that the Argentine economy has been consuming its capital stock for more than a decade. The level of investment in 2020 will be less than half of that of the beginning of the 80s. It is the lowest investment rate in history, surpassing even the collapse of the 2001/2002 crisis.

Loans grew more than 11% since March

Peso loans to the private sector remained almost stable in November, in real terms, but have accumulated an 11.3% increase since the outbreak of the covid-19 pandemic. The growth compared to October was 2.9 per cent in nominal terms, with inflation estimated to be around that percentage. Credit cards and document finance accounted for most of the increase.