Key View

• The Covid-19 pandemic will accelerate the development of e-grocery in Argentina. This has the potential to disrupt the mass grocery retail sector, especially with the development of dark stores and marketplaces.
• We note that several leading mass grocery retailers are already opening or looking to open dark stores in the near future.

Key View

• The presentation of a bid for the Portezuelo del Viento hydropower project being advanced by the provincial government of Mendoza marks an important step forward for the project, one of the largest power projects currently planned in Argentina.
• Nevertheless, we have yet to include the project in our forecasts for Argentina’s power

Key View

• The Covid-19 pandemic poses an unprecedented threat to Argentina's vehicle output as it causes disruption to production while also dampening the demand for new vehicles.
• The weak economic outlook will provide little support for Argentina's vehicle production industry as it will severely dampen the demand for new vehicles.
• In 2020

Key View

• Following a nationalisation attempt of soy giant Vicentin, the likelihood of state management of agribusiness processes poses a downside risk to Argentine soybean and soy biodiesel production. We expect to make downwards forecast revisions when the state role in Vicentin’s post-bankruptcy structure is determined.
• Uncertainty over

Key View

• An increase in healthcare spending will equate to more testing kits, pharmaceuticals, equipment and bed capacity available to tackle the Covid-19 pandemic.
• The low pensionable population may have helped to keep Covid-19 mortality rate low.
• We expect generic medicines to increasingly penetrate Argentina's pharmaceutical market as a

Key View

• Taking into account the impact of the Covid-19 pandemic, we at Fitch Solutions have revised our growth forecast for the Argentine construction industry and now expect it to see a contraction of 21.3% y-o-y in real industry value in 2020, down from a previous forecast of a contraction of 3.6% prior to the emergence of a major outbreak

Key View

• We have revised down our annual electricity consumption and generation forecasts for 2020 in Argentina as a result of the Covid-19 pandemic further weakening the country’s economic and power sector outlooks. We now forecast electricity consumption will decline by 4.7% and generation will decrease by 2.47% this year. Prior to the

Key View

• At Fitch Solutions, we expect Argentina's attempts to renegotiate its foreign debts will be protracted and difficult, keeping the country cut off from foreign capital markets for much of the coming year and undermining its ability to recover after Covid-19 is contained.
• The government has yet to establish a working rapport with its

Key View

• Due to the projected impact of the Covid-19 (coronavirus) pandemic, we have revised down our 2020 consumer spending outlook for Argentina. We now forecast real household spending to decline by -9.7% y-o-y in 2020, down from 1.3% y-o-y growth previously forecast in our pre-Covid-19 2020 projection.
• The 2020 contraction will be deeper