Latin America Economics Update Investment plan another reason to expect Mexico rebound The poor performance of the Mexican economy so far this year has been one of the biggest disappointments in Latin America. In this Watch we explain why, in contrast to Brazil, the slowdown owes more... 16th July 2013 · 1 min read
Latin America Economics Update Chilean central bank hints at a rate cut ahead The Central Bank of Chile left its benchmark interest rate unchanged at 5.0% last night, but gave the clearest signal yet that a rate cut is on the cards in the coming months. Elsewhere, the prospect... 12th July 2013 · 1 min read
Latin America Economics Update Latin America’s commodity boom – an opportunity missed When all’s said and done, the commodity price boom of the past decade will probably go down as a wasted opportunity for the economies of Latin America. Rather than saving and investing their windfall... 9th July 2013 · 1 min read
Latin America Economics Update Chile's economy slowing, but imbalances still widening Today’s activity data provide further evidence that Chile’s economy is losing speed. Yet while the headline numbers will grab most of the attention, we are more concerned about the relentless widening... 5th July 2013 · 1 min read
Latin America Chart Pack Fed sends markets reeling Latin American bonds, equities and currencies have slumped over the past month after the US Fed signalled its intention to taper its asset purchases under QE3 later this year. But while financial... 27th June 2013 · 1 min read
Latin America Economics Update What next for Latin American currencies? The sharp falls in Latin American currencies over the past month mean that many are now below our end-year targets, which looked extremely bearish only a few months ago. But while we think the trend... 25th June 2013 · 1 min read
Latin America Economics Update Chile still on track to lower interest rates this year Chile’s central bank (BCC) held its interest rate at 5% last night, in spite of weaker growth and inflation data which had led some analysts (including ourselves) to forecast a cut. Going forward... 14th June 2013 · 1 min read
Latin America Economics Update Chile: prospect of rate cuts to keep peso under pressure The Chilean peso recently weakened to over 500/US$ and, with support for rate cuts within the central bank growing, we expect it to fall to around 520/US$ by year-end. Meanwhile, Brazil’s decision to... 5th June 2013 · 1 min read
Latin America Chart Pack Slower growth to become the new norm Economic growth across Latin America was weaker than expected in Q1. We estimate that regional GDP increased by about 2.2% y/y, down from 2.8% y/y in Q4 of last year – the slowest pace since 2009... 31st May 2013 · 1 min read
Latin America Economics Update Latin American equities underperform The recent weakness of Latin American stock markets has continued unabated in May, with returns well below those of developed and emerging market equity benchmarks. Going forward, we expect stocks to... 30th May 2013 · 1 min read
Latin America Economic Outlook Hidden vulnerabilities Latin American GDP growth slowed to its lowest rate since 2009 in the first quarter of this year and, while we expect to see a gradual recovery over the coming quarters, mounting vulnerabilities will... 22nd May 2013 · 1 min read
Latin America Economics Update Chilean GDP growth moderates in Q1 Chile’s economy stumbled in Q1 as investment spending slipped back from the robust rates of the past few quarters. With copper prices now falling and credit conditions tightening, GDP growth is likely... 20th May 2013 · 1 min read
Latin America Economics Update Chile prepares the ground for rate cuts later in the year The Central Bank of Chile (BCC) left its benchmark interest rate unchanged at 5.0% last night, however the accompanying statement was a little more dovish in tone than in recent months. We continue to... 17th May 2013 · 1 min read
Latin America Economics Update Can we trust Chile's inflation data? There appears to be some truth to claims that discrepancies in Chile’s consumer price data have lowered inflation artificially. Even so, the overall impact on headline CPI has been relatively small... 2nd May 2013 · 1 min read
Latin America Chart Pack Growth softens The past month has brought further signs that the recovery in economic growth in Latin America that began in mid-2012 is now running into headwinds. Admittedly, calendar effects have probably... 30th April 2013 · 1 min read
Latin America Economics Update Mining stocks take a hit Latin American equities have mostly sold off over the past month, compounding an already weak start to the year. Hardest hit have been the large mining firms based in the Andes, many of whom appear to... 29th April 2013 · 1 min read
