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18 November, 2020 Argentina Global: 59 Availability: 52 Cost: 41 Regulation: 46 Productivity: 60 2020 Global TWI Ranking (out of 76) 2020 Regional TWI Ranking (out of 21) Region: 11 Availability: 8 Cost: 11 Regulation: 8 Productivity: 15 Remote Readiness 8 Remote Readiness 52 3.9% 4.5% 0% 20% Argentina Regional Ave. % of GDP Borders are still closed with the exception of: Some South American countries (Brazil, Paraguay, Uruguay, Bolivia and Chile) traveling to the Metropolitan region of Buenos Aires for tourism. Travellers will require negative Covid- 19 tests and confirmation of travel insurance. Specific areas of Argentina are still subject to quarantine and for all other areas social distancing and travel limits remain in place Argentina Q4 2019* Q4 2020* % Change YOY Total Workforce 20.36M 20.98M +3.0% Unemployment Rate (%) 10.6% 13.1% +23.6% Unemployed Workers 2.16M 2.75M +27% Argentina's Government has spent $15 billion USD on Additional Spending and Foregone Revenue. In addition to extra allowances for specific groups in receipt of social security, the key measures to assist the labor market included: Allowances for the unemployed and workers in the informal sector Wage subsidies for affected SMEs Increases in unemployment insurance Reduction in the employers' contributions to social security and pensions Bonuses for healthcare workers https://www.imf.org/en/Topics/imf-and-Covid-19/Policy-Responses-to-COVID-19 Manpower 2020 Total Workforce Index Workforce Statistics Covid-19 Situation Covid-19 Government Spend as % of GDP Border Closures and Restrictions Additional Government Spending and Foregone Revenue to September 2020 Covid-19 Confirmed Cases and Deaths Reported to WHO (on a weekly basis) *Reported figures at Q4 each year https://covid19.who.int/ https://www.imf.org/en/Topics/imf-and-covid19/Fiscal-Policies-Database-in- Response-to-COVID-19 Other Sources: https://data.worldbank.org/ https://ilostat.ilo.org/ https://home.kpmg/xx/en/home/insights/ https://www.gov.uk/foreign-travel-advice United States Embassy https://tradingeconomics.com/