Latin America Rapid Response Chile GDP (Q2 2024) The 0.6% q/q fall in Chilean GDP in Q2 is mainly payback for a strong Q1, and we expect a return to positive growth in Q3. Still, the Q2 figures should the central bank confidence to deliver a couple... 19th August 2024 · 2 mins read
Latin America Economics Weekly Banxico cuts, LatAm and the global market turmoil The Mexican peso was on a rollercoaster ride this week but, as we'd expected, Banxico placed more emphasis on the weakness in the economy as it pressed ahead with a 25bp cut (to 10.75%). And the... 9th August 2024 · 6 mins read
Latin America Chart Pack Latin America Chart Pack (July 2024) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Regional growth appears to have slowed in Q2 and we think it will be sluggish in... 24th July 2024 · 1 min read
Latin America Economics Weekly Argentina intervenes (again), Q2 shaping up to be weaker Argentine financial assets sold off this week after Economy Minister Caputo announced that the central bank will start to sell dollars in the parallel market. The plan shows that the government is... 19th July 2024 · 5 mins read
Latin America Economics Weekly Food inflation, US tariffs, Colombia’s public finance risks The raft of June inflation data out this week was not as bad as the rise in the headline rates would suggest, as higher food inflation masked falls in in core inflation. Core inflation appears most... 12th July 2024 · 5 mins read
Latin America Rapid Response Chile Consumer Prices (Jun. 2024) The fourth consecutive increase in Chilean inflation, to 4.2% y/y, in June means that interest rates are likely to be left unchanged at 5.75% at the central bank’s meeting at the end of the month. We... 8th July 2024 · 2 mins read
Latin America Economics Weekly Chile slows, Colombia rates, Milei’s second reform stage The softer-than-expected activity data out of Chile this week add to the evidence that the economy lost momentum in Q2, which poses a downside risk to our growth forecast this year. Elsewhere... 5th July 2024 · 8 mins read
Latin America Chart Pack Latin America Chart Pack (Jun. 2024) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. After a strong start of the year, regional growth appears to have slowed in Q2 and... 25th June 2024 · 1 min read
Latin America Economics Weekly Argentina’s IMF review, cautious central banks The eighth review of Argentina’s IMF programme published this week is a whole-hearted endorsement of President Milei’s economic record. That said, the Fund called on Argentine authorities to take... 21st June 2024 · 8 mins read
Latin America Economic Outlook Weak growth to make fiscal challenge harder The economies of Latin America started the year on the front foot, but the strong growth rates recorded in early 2024 are unlikely to be sustained and growth in many parts of the region is likely to... 20th June 2024 · 21 mins read
Latin America Economics Update What La Niña means for Latin America There is a growing chance of a La Niña weather pattern taking hold in the second half of this year. While the economic effects would depend on its severity and length, La Niña events tend to coincide... 20th June 2024 · 5 mins read
Latin America Economics Update Chile: room for interest rate cuts this year is narrowing The Monetary Policy Report released by Chile’s central bank today alongside the communications to yesterday’s policy meeting suggest that the easing cycle over the next few quarters will be stop-start... 19th June 2024 · 3 mins read
Latin America Rapid Response Mexico & Chile Consumer Prices (Jun. 2024) Mexico’s headline inflation rate came in at a weaker-than-expected 4.7% y/y in May but the continued strength of core services inflation means that it is increasingly likely that Banxico will leave... 7th June 2024 · 2 mins read
Latin America Economics Weekly Mexico’s vote, Chile’s rate cut, Argentina’s trade surplus The dramatic improvement in Argentina’s trade balance has helped the central bank to rebuild its FX reserves, but this has only been made possible because domestic demand has collapsed. A weaker... 24th May 2024 · 6 mins read
Latin America Chart Pack Latin America Chart Pack (May 2024) Our Latin America Chart Pack has been updated with the latest data and our analysis of recent developments. While GDP growth in the Andean economies will be stronger this year than last, the opposite... 22nd May 2024 · 1 min read
Latin America Economics Update Andean economies on the recovery path The strong pick-up in Andean economies at the start of this year confirms that their painful rebalancing process has run its course. GDP growth will be stronger this year than last – unlike in Brazil... 21st May 2024 · 2 mins read
