Latin America Economics Update Brazil: Interest rates to fall further as economy stalls The Brazilian economy stagnated in Q3 and looks set to contract in Q4. As we said it would be at the time, the central bank’s decision to cut interest rates early has been fully vindicated and the... 6th December 2011 · 1 min read
Latin America Economics Update Brazilian interest rates heading for single digits The Brazilian Central Bank (BCB) cut interest rates by 50bps to 11.0% last night. The ongoing global turmoil, and subsequent negative impact on Brazilian growth, means that further rate cuts are... 1st December 2011 · 1 min read
Commodities Update Sugar price to drop another 20% in 2012 Brazil, the world’s largest sugar producer and exporter, has revised down its sugar production estimate for 2011/12 due to bad weather. However, ample global stockpiles and improved harvests in other... 28th November 2011 · 1 min read
Latin America Chart Pack Better placed, but not immune The past month has brought further signs that growth in Latin America has started to slow in response to the deepening crisis in the euro-zone, the turmoil in world markets and weaker demand from... 28th November 2011 · 1 min read
Latin America Economics Update Brazilian banks tighten the screw The relative resilience of Brazilian credit growth when measured in annual terms masks the fact that lending growth has slowed fairly sharply when measured on a month-on-month basis. Industry has... 24th November 2011 · 1 min read
Latin America Economics Update Room for manoeuvre The deepening crisis in the euro-zone, coupled with fears of a slowdown in China, has meant that concerns about overheating in Latin America’s major economies have quickly given way to worries over... 21st November 2011 · 1 min read
Latin America Economic Outlook Weaker growth to be met with policy stimulus A combination of weak growth and deepening debt crises in the G7 and softer demand from China means that the economies of Latin America are likely to slow by more than most expect over the next few... 18th November 2011 · 1 min read
Latin America Economics Update Brazilian inflation has peaked The official release of October’s inflation data this morning confirmed what yesterday’s leak from the statistics agency had suggested – Brazilian inflation has peaked. We expect it to fall back to... 11th November 2011 · 1 min read
Latin America Economics Update Is there a floor on Brazilian interest rates? The decision by Brazil’s central bank to start monetary easing has revived talk about a “floor” on interest rates in Latin America’s largest economy. At present, the minimum rate of return on popular... 2nd November 2011 · 1 min read
Latin America Economics Update Brazilian industry slides into recession Data released today confirmed that Brazilian industry slipped into recession in Q3, while the manufacturing PMI points to a difficult Q4. In response, the recent imposition of trade tariffs sets a... 1st November 2011 · 1 min read
Latin America Chart Pack Growth slows in the “big two” Growth has slowed sharply in Brazil and Mexico – Latin America’s two largest economies – over the past quarter. In Brazil, there are tentative signs that a two-year boom in domestic demand has started... 29th October 2011 · 1 min read
Latin America Economics Focus How healthy is Brazil's fiscal position? The Brazilian public finances have improved beyond measure following the various debt crises of the 1980s. But government debt remains high by regional standards, and could rise further, perhaps to as... 27th October 2011 · 1 min read
Latin America Economics Update Worrying signs from Brazil's current account (again) Today’s current account data from Brazil provide further evidence that growth in Latin America’s largest economy is slowing sharply. 26th October 2011 · 1 min read
Latin America Economics Update More to follow Brazil’s lead Brazil’s decision to continue cutting interest rates despite the fact that inflation is running at a five-year high remains as controversial as ever. Nonetheless, on balance we think that the central... 22nd October 2011 · 1 min read
Global Economics Focus Sovereign Debt: are the emerging markets immune? Emerging markets are not immune from the deepening debt crisis in the developed world, but most are well-placed to deal with the fallout. China faces a difficult structural transition of its own but... 21st October 2011 · 1 min read
