Latin America Chart Pack All eyes on Brazil Brazilians head to the polls on Sunday to decide who’ll become the country’s next president in a heated run-off election between incumbent Jair Bolsonaro and his left-wing rival Lula. Lula is still... 25th October 2022 · 12 mins read
Latin America Economics Weekly Chile’s protests three years on, COP drop This week marked the third anniversary of a large wave of protests in Chile which set in motion a shift towards looser fiscal policy, have left the political landscape difficult to navigate and caused... 21st October 2022 · 8 mins read
Latin America Economics Weekly The dust settles in Brazil, Petro hits at BanRep The stronger-than-expected performance of Jair Bolsonaro and his right-wing allies in Brazil’s election last Sunday has buoyed the country’s financial markets by reducing the risk of a dramatic shift... 7th October 2022 · 6 mins read
Latin America Economics Update Banxico and BanRep to remain in hawkish mood Central banks in Mexico and Colombia delivered further large interest rates hikes yesterday, of 75bp and 100bp respectively, and the backdrop of strong inflation pressures and tighter external... 30th September 2022 · 3 mins read
Latin America Chart Pack Inflation at a turning point Latin American currencies have come under pressure this month which will put further upward pressure on inflation, but the bigger picture is that headline rates are at, or close to, a peak across the... 27th September 2022 · 12 mins read
Latin America Economics Weekly Argentina’s Tango with the IMF, tightening cycles This week’s news that Argentina will receive the next tranche of its IMF deal has caused near-term debt risks to ease. But the Fund has still not addressed the overvalued exchange rate, which could... 23rd September 2022 · 8 mins read
Latin America Economics Update Fiscal risks loom largest in Brazil and Colombia The improvement in government budget positions across Latin America over the past year or so has been driven in large part by temporary factors and is likely to reverse before long. As things stand... 22nd September 2022 · 5 mins read
Latin America Economics Weekly Colombia’s fuel subsidies, Brazil’s presidential race The commitment of Colombia’s new administration to address costly energy subsidies is the fiscally responsible thing to do, but it will come at the expense of exacerbating the country’s inflation... 16th September 2022 · 7 mins read
Latin America Economics Weekly Chile goes back to the drawing board The surprisingly strong rejection of Chile’s proposed new constitution has eased concerns about a radical shake up of the country’s economic model. But the constitutional process is set to continue... 9th September 2022 · 5 mins read
Latin America Economics Weekly Lula’s plan for state banks, Q2 GDP Suggestions this week by Brazil's presidential front runner Lula that state banks will play a bigger role would only aggravate some of the underlying problems in the country’s economy. Elsewhere, the... 19th August 2022 · 5 mins read
Latin America Economics Update Colombia: regional outperformer in 2022 The robust 1.5% q/q rise in Colombia’s GDP in Q2 suggests that the economy’s recovery will be among the strongest in the region this year. Strong growth, alongside upside inflation surprises and the... 17th August 2022 · 3 mins read
Latin America Economics Weekly Colombia’s tax reform, inflation problems persist The new tax bill unveiled by Colombia’s government, which aims to raise tax revenues to fund the government’s social programmes and “consolidate the fiscal adjustment” doesn’t change our view that the... 12th August 2022 · 6 mins read
Latin America Economics Weekly Colombia’s trade deficit, Chilean peso’s rollercoaster The somewhat surprising widening of Colombia’s trade deficit in May suggests that the current account deficit isn’t narrowing as we’d expected. This will keep the peso on the backfoot and the central... 22nd July 2022 · 6 mins read
Latin America Economics Update Inflation near a peak, but little comfort for central banks Inflation rose to multi-decade highs in much of Latin America last month and, while it should peak in Q3, headline rates will remain uncomfortably high for some time. Central banks in the region... 14th July 2022 · 4 mins read
Latin America Economics Weekly Ocampo, BanRep hawks & Argentina in crisis (again) Colombian President-elect Gustavo Petro’s choice of José Antonio Ocampo as his finance minister provides an early sign that Petro will govern as an economic moderate. Mr Ocampo will also sit on the... 1st July 2022 · 5 mins read
Latin America Chart Pack High inflation fuels strikes and protests High inflation seems to be causing growing unrest in the region, which threatens to be economically disruptive and raise fiscal concerns. Recent protests in Ecuador have hit its oil sector hard, while... 28th June 2022 · 14 mins read
