Key View

• Argentina’s medical devices market will be limited by a depreciation of the Argentine peso against the US dollar.
• We expect to see continued investment into medical devices in the country in the medium term through the ‘Reconstruct Health Plan’.
• The October 2023 general election positioning poses significant risks to political

Key View

• Argentina’s recovery from Covid-19 will continue in the short term, as the majority of its 2023 health budget will be allocated to controlling communicable diseases.
• Healthcare activity in Argentina will increase in the medium term, driven by a recovery of healthcare procedures post Covid-19 and an increase in the use of digital

Key View: Over 2023, we forecast a contraction in real household spending growth in Argentina. With inflation continuing to rise, to levels last seen in the early 1990’s, as well as rising interest rates, the Argentine consumer will face multiple headwinds over 2023. In particular, elevated levels of inflation are quickly eroding consumer

Key View

• Argentine incumbent Telecom has announced the expansion of its network to rural areas with the intention of targeting the domestic agricultural technology (agritech) market.
• Growing food inflation and supply-side headwinds in the sector are compelling factors for agritech solutions that address efficiency and environmental concerns.

Key View

• We have revised downwards our growth forecast for Argentina’s medical devices market in local currency terms and maintained our forecast in US dollar terms due to near-term economic weaknesses.
• Growth in Argentina’s medical device market will be led by dental products and patient aids driven by favourable demographics.
• Increased

Key View

• After holding the policy rate at 75.00% in its last five meetings, we expect the Banco Central de La República de Argentina will continue to do so through 2023, delaying its rate cutting cycle to 2024.
• At Fitch Solutions, we forecast that headline inflation will reach 91.6% y-o-y by end-2023, averaging 94.7%, due to a depreciating

Key View

• After easing throughout Q322, global soybean prices have rallied, with second-month CBOT futures rising by 11.4% between October 28 2022 and January 31 2023, pushing prices up to USc1529/bu.
• At Fitch Solutions, we are revising our production outlook for Argentina’s soybean harvest downwards to 41.0mn tonnes, down from a previous