Argentina Information Technology Q3 2018
The outlook for Argentina's IT market deteriorated in 2018 as peso depreciation against the US dollar accelerated- resulting in inflation, higher interest rates and a credit line deal with the IMF. This reduces import affordability for local consumersand businesses, as well as softening confidence levels in the short-term. We do, however, still anticipate opportunities for IT vendorsto materialise later in the forecast period due to the liberalisation agenda of the Macri government, as well as a positive outlook forthe domestic software and services industry as a nearshoring centre. The main downside risks are an intensification of theeconomic crisis, political implications of the IMF deal undermining the liberalisation agenda, and external risks through adeterioration in economic performance in major trade partners.
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