Argentina Food & Drink Q4 2018
A severe drought that has undermined Argentina’s soybean production has caused the country’s economy to shrink adramatic 5.8% in May 2018 y-o-y. As a result, we have downwardly revised our real GDP growth forecast for 2018 to 1.8% (from3.3%). However, we expect the economy to recover throughout our forecast period and that Argentina will remain one of the mostoptimistic markets in Latin America. We are expecting to see household spending on both essential and non-essential items grow,underpinning our belief that the food and drink sector will continue to see healthy growth across the forecast period of this report.
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