Argentina Information Technology Q4 2018
The outlook for Argentina's economy and IT market was downgraded in response to the acceleration in pesodepreciation - and introduction of emergency interest rates - in August 2018. The short-term impact will be a sharp fall in importdemand as affordability is hit, and there is downside risk that a loss of credibility on economic issues will undermine the position ofthe Macri government. Our core scenario is, however, for stabilisation in the later years of the forecast period that will allow vendorsto tap opportunities created by liberalisation reforms. Meanwhile, one positive from devaluation will be a boost to thecompetitiveness of Argentina's domestic software and services industry that is already gaining traction as an Americas nearshoringcentre.
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