Key View 

• High economic and political uncertainty in Argentina will limit growth in the power sector in 2019.
• We maintain our positive outlook for Argentina’s power sector beyond 2020, though we highlight downside risks from the potential for shifts in government policy toward the sector following Argentina’s presidential election in October

Key Views:

• Following two years of economic recession, we expect vehicle sales in Argentina will begin to improve in 2020 as the economy returns to growth.
• Passenger vehicle sales will rebound from a double-digit decline of 22.8% in 2018 and 13.5% in 2019 to a modest contraction of just 2.4% in 2020 as consumer spending picks up pace on the back

Key View

• We at Fitch Solutions expect Argentina’s current account deficit will narrow significantly in 2019, as exports rebound and imports are compressed by a weaker peso and declining consumption and investment.
• We forecast a current account deficit of 2.6% of GDP in 2019, the narrowest since capital controls were lifted in late 2015.
• Extern

Key View:

• We have revised down our growth forecast for Argentina’s construction industry in 2019 to a contraction of 1.4% from positive growth of 0.8% previously.
• Government budget cuts will weigh on capital expenditures on infrastructure while weak macroeconomic conditions and a corruption scandal will weigh on private investment.
• From 2020

Key View

• Argentina’s PPP programme will see slow progress in 2019 amidst weak investment conditions in the country.  
• Awarded Road PPPs will see mixed progress, with two backed by international financing agreements.
• Weak investor confidence will likely preclude the launch of new projects as PPPs in 2019.
• Improving macroeconomic conditions and

Key Views

• We have revised down our forecast for vehicle sales in Argentina and now expect sales to decrease by 13.6 % in 2018, with a mild recovery to 3.1% growth in 2019.
• Sales of passenger cars will decrease by 7.0% in 2018, while commercial vehicle sales will plunge by 29.4% in 2018. We also expect light commercial vehicle (LCV) sales to

Key View

- The emergence of a corruption scandal in Argentina boosts downside risks to our forecasts for Argentina's construction industry, particularly in 2018 and 2019.

- Risk is especially high for public-private partnerships given a high dependence on private financing.

- Over the longer term, we see scope for the corruption investigation to