Latin America Economics Update Argentine default adds to the economy’s problems Last week’s default by the Argentine government is yet another unwanted headwind for the beleaguered economy. Fears of a re-run of 2002’s economic meltdown are overblown. But the messier that the... 7th August 2014 · 1 min read
Latin America Economics Update Credit growth cools, but vulnerabilities persist The pace of private sector lending growth in most parts of Latin America has continued to cool this year, but the credit boom of the past decade means that vulnerabilities persist in a few places. At... 5th August 2014 · 1 min read
Latin America Economics Update More bad news for Brazilian industry Brazilian industrial production contracted sharply in June and July’s weak manufacturing PMI suggests that there could be more bad news in the pipeline. By contrast, the outlook for Mexican industry... 1st August 2014 · 1 min read
Latin America Economics Update Major shockwaves from Argentine default unlikely We do not expect Argentina’s default to trigger a prolonged ripple of contagion in the rest of Latin America. There may be some turbulence in the region’s financial markets, but we suspect that the... 31st July 2014 · 1 min read
Latin America Economics Update Argentine default likely to remain a (difficult) local issue Confirmation that Argentina has officially fallen into default after failing to agree a deal with holdout creditors is likely to rattle local markets and has the potential to do significant damage to... 31st July 2014 · 1 min read
Latin America Economics Update Markets take Argentina’s debt dispute in their stride The Argentine government seems increasingly likely to default on sovereign debt repayments due at the end of this month but the reaction in both local markets and markets in the region more generally... 28th July 2014 · 1 min read
Latin America Chart Pack Argentina teeters on the brink of another default With talks between Buenos Aires and holdout bondholders seemingly having stalled, it appears increasingly likely that Argentina will be prevented from making an interest payment that is due on... 25th July 2014 · 1 min read
Latin America Economics Update Argentina debt crisis: no stay brings default closer Judge Griesa’s refusal today to grant the Argentine government a stay in the ongoing debt dispute meansthat it is increasingly likely that the authorities will default on 30th July. Default is another... 22nd July 2014 · 1 min read
Latin America Economics Update Lack of progress brings Argentine default closer A lack of progress in negotiations between the Argentine government and the holdouts from the 2001 debt default means that there is an increasing chance that the authorities will be forced back into... 15th July 2014 · 1 min read
Latin America Economics Update More gloom for Brazil’s manufacturers June’s business surveys suggest that manufacturing in Brazil is doing little more than stagnating. By contrast, the outlook for Mexican manufacturers is much brighter – the latest survey data suggest... 1st July 2014 · 1 min read
Latin America Economics Update Argentina: Default another headwind to economic recovery Following a failure to make an interest payment on restructured bonds yesterday, the Argentine government appears to be heading towards another default unless it can reach agreement with holdouts... 1st July 2014 · 1 min read
Latin America Economics Update Contagion from Argentine debt dispute limited So far at least, financial markets in Argentina have largely shrugged off the fact that, barring a last minute deal with holdout creditors, the government now seems destined to enter a technical... 30th June 2014 · 1 min read
Latin America Chart Pack World Cup proving a welcome distraction for Brazil The 2014 Football World Cup is proving to be a welcome distraction from yet more downbeat news on Brazil’s economy over the past month. Our GDP Tracker suggests that, after dropping to just 1.9% y/y... 27th June 2014 · 1 min read
Latin America Economics Update Argentine recession to drag on First quarter GDP data released yesterday showed that the Argentine economy was already in recession even before the latest wrangle with the holdouts from 2005’s debt restructuring. As such, we... 24th June 2014 · 1 min read
Latin America Economics Update Where next in Argentina’s debt dispute? A series of statements from Buenos Aires over the weekend provide hope that Argentina’s government might be able to find common ground with “holdout” creditors. Reaching a mutually agreeable solution... 23rd June 2014 · 1 min read
Latin America Economic Outlook Stuck in the slow lane Latin America’s economy looks set to remain stuck in the slow lane over the next couple of years. The drivers of strong growth over the past decade – including rapid credit growth and strong global... 19th June 2014 · 1 min read
