The value of mergers and acquisitions in Argentina in 2020 was the lowest of the decade. During the year, 53 transactions were completed, for a value of $970 million. Compared to 2019, the number of transactions increased by 15%, but in terms of the value, they decreased by 75%.
SME retail sales fell by 8% in December compared to the same month in 2019, while having an annual decline of 21.4%. The decline in real household incomes, the explosion in informal sales and the shortage of goods impacted demand for the month, both online and physical stores.
Public debt represents almost the entirety of Argentina's gross domestic product (GDP), amounting to $332.25 billion for the third quarter of 2020, which means a fall of 36% in dollars, in just two years.
The total accumulated interest paid by the Central Bank (BCRA) exceeds 703 billion pesos ($8.36 bn). This ammount is equivalent to 140% of the monetary expansion for the whole year. The millions of dollars in interest that the BCRA has to pay on its growing interest-bearing debt is the opposite of the fiscal and monetary imbalances.
Inflation and the "cash only" culture, among other reasons, led Argentina to the last place among 17 countries in a key ranking: it is the country with the lowest amount of credit and bank deposits in Latin America, concerning the size of its economy.