A tax reform bill in Colombia, that will be sent to Congress next week, has slipped under the radar but this legislation could have a major bearing on the country’s sovereign investment grade rating. Elsewhere, Chile’s vaccination programme has raced ahead this week and is one reason behind our recent upwards revision to our 2021 GDP growth forecast (to 9.0%). Finally, while Brazil’s virus outbreak is getting worse by the day, the central bank showed at Wednesday’s meeting that it is focused on inflation and fiscal risks. We expect 200bp of additional rate hikes in the next few months.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services