Argentina Information Technology Q2 2020
The impact of the Covid-19 virus on the global economy and electronics supply chain introduced additional downside tothe medium term outlook for Argentina's IT market. The impact of the virus is however still largely unknown so the core scenario isfor 2020 to mark the beginning of the recovery in Argentina's IT market as economic conditions begin to stabilise, then for growthto strengthen from 2021. IT spending growth momentum will however continue to be muted over the medium term in achallenging economic environment where inflation and peso depreciation weigh on consumption and investment sentiment, andthis will mean spending in US dollar terms is still below the pre-crisis peak even in 2024. There is also elevated uncertainty in thiseconomic environment because the Fernandez government could be triggered into populist, interventionist and centralising policyby political volatility, which could result in a more conservative enterprise investment climate.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook