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Australia Information Technology Q1 2019

Australia Information Technology Q1 2019

Key View:

Argentina’s plunging currency and gaping fiscal deficit means we have downwardly revised our real GDP growth forecastfor 2018 to an overall shrinkage of 1.3% (down from growth of 3.3%). We do however, anticipate the economy to recover graduallythroughout our forecast period. As such, we believe Argentina remains one of the more optimistic markets for food and drink inLatin America. Spending on both essential and non-essential items will see steady growth and this underpins our generallyoptimistic outlook for the country’s food and drink sector.

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