Key View: We hold a negative outlook for the Argentine consumer over 2023. Rapid inflation and high interest rates will result in depressed consumer purchasing power and a significant contraction in total household spending. Tight labour market conditions will support household disposable incomes, however, this will lead to continued policy rate

Key View

• Mainland China's BRI continues to play a pivotal role in the autos industry by facilitating collaboration and investment opportunities among autos-related stakeholders and markets participating in the BRI.
• We find that there has been an increase in autos-related investments due to the creation of new BRI partnerships (Indonesia

Key View

• At Fitch Solutions, we expect that the accelerating depreciation of Argentina’s currency on both the official and parallel markets will cause inflation in the country to pick up in early 2023.
• However, we think that inflation will peak in the middle of the year as a result of weaker consumer demand and the lagged effect of recent

Key View

• Risks to the stability of Argentina’s government will increase over the coming months as the fragile administration attempts to push through unpopular reforms at a time of rising political polarisation.
• Our core view is that the government will manage to hold together until the presidential election in October 2023, but that

Key View

• We have become increasingly bullish on Argentina's near-term hydrocarbons production outlook. We now expect crude oil production to grow by 9.0% y-o-y (from 7.0% last quarter) and natural gas output to grow by 8.2% y-o-y (from 6.2% last quarter) in 2022.
• We highlight upside risk to our long-term upstream production forecast stemming

Key View

• The reduction of liquified natural gas (LNG) imports by Argentina will do little to limit the gas power sector’s dominant role in the market’s power mix, as it turns to piped gas from Bolivia for the short term and ramping up domestic production.
• Argentina’s hydropower sector will slowly recover over the coming years from the effects

Key View

• We have revised up our nominal pharmaceutical expenditure forecast for Argentina in line with increased inflation expectations.
• Government preference for locally produced generics will continue to drive domestic industry growth and pose downside risk to innovative drugmakers.
• A growing chronic disease burden will increase demand for

Key View

• We have revised our medium-term natural gas production forecast for Argentina on the back of the pipeline project, which will add natural gas exit capacity from the prolific Neuquén Basin.
• We recognise upside risks to our long-term oil and gas forecasts stemming from offshore exploration projects in the Colorado and Argentine Basin

Key View

• At Fitch Solutions, we expect that Argentina’s current account surplus will narrow from 1.5% of GDP to 0.7% in 2022, before flipping to a deficit of 0.1% of GDP in 2023.
• This deterioration will be driven by low soy prices and the recovery of domestic demand, though it will be contained by import and capital controls.
• The