SkyMinder Newsletter Sept 2018
Deceleration expected in the next quarters
GDP was recovered in 2017, after a decrease in 2016, achieving an annual growth rate of 2.9%. But in the first quarter of 2018 a deceleration was reported YoY, activity expanded by 3.6% versus 3,9% in the fourth quarter of 2017 and 3.8% in Q3 2017.
Expectation for the upcoming quarters is a further deceleration with preliminary figures of 2018 second quarter with a deterioration of economic scenario. Growth in 2018 continues to be undetermined due to the worst drought in decades affecting agricultural activities, especially soya crops, combined to strong depreciation of Argentinean pesos against US dollars -50% in the first half of 2018 YoY. Household consumptions, public expenses and investments will decelerate in response to a tighter fiscal policy.
Top export destinations are: Top import origins are:
1) Brazil 15% 1) Brazil 24%
2) United States 7.9% 2) China 19%
3) China 7.5% 3) United States 13%
4) Vietnam 4.3% 4) Germany 5.3%
5) Chile 4% 5) Mexico 3.4%
SkyMinder is the worldwide CRIF platform helping you to take decisions based on high quality information. If you are required to evaluate a business partner in Argentina or in country dealing with Argentinean companies, a customer or a supplier, during a risk evaluation process or for compliance requirements, SkyMinder is the right solutions.
Credit Reports: reports with information related to all Argentinean companies, including firmographics, credit limit, risk indicator, management, shareholders, negative events etc.
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Compliance Reports: reports with different level of details useful for compliance purposes, from shareholders identification to Anti Bribery and Money Laundering lists checks.
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