Mining exports will grow slightly in 2019 (1%) due to higher silver production and increases in the price of precious metals, while the outlook for 2020 points to a 3.9% increase in all minerals with lithium as the protagonist, according to a report by the consultant Abeceb.
Supermarkets and mass consumption companies with a high level of import project an average dollar during 2020 at 75 pesos which means a devaluation close to 20%. The bulk of the companies start from an average dollar value of 80 pesos and there are scenarios of some 50% devaluation in some other companies.
In the third quarter of this year the amount of the urban population living in households where they suffer from hunger or severe food insecurity increased from 7.9% to 9.3% on a year on year basis.
The 2019 budget expected inflation of 23 points in Argentina, but shortly before the end of the year it is estimated at 55%.