1. Argentina continues to face challenges, with the country negotiating it debt with the IMF, as well as the impact of the Covid-19pandemic on its economy. These challenges are feeding through to consumers, with unemployment increasing and inflationarypressure intensifying in this environment, consumers are becoming more conscious of their financial outlook and disposableincomes.2. As pressure is placed on Argentine’s purchasing power and consumers are becoming more price sensitive they are seeking totrade down price points and deals. Demand is therefore accelerating for discount and wholesale mass grocery retail (MGR).
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