Latin America Rapid Response Mexico Bi-Weekly CPI (Mar. 2025) The further easing of core services inflation in Mexico in the first half of March combined with recent weak activity data paves the way for Banxico to deliver another 50bp cut at its meeting on... 24th March 2025 · 2 mins read
Latin America Economic Outlook Latin America Outlook: Tariffs not the only headwind Mexico is one of the most vulnerable countries to US import tariffs and, at best, the economy will just about eke out positive growth this year. More sweeping tariffs than we have embedded in our... 20th March 2025 · 21 mins read
Latin America Economics Focus Mapping China’s presence in Latin America China’s presence in Latin America is increasingly seen as a strategic threat by the US. This Focus uses interactive charts to map out economic, financial and institutional linkages between China and... 19th March 2025 · 3 mins read
Latin America Economics Weekly Latin America Weekly: Trump tariffs on Mexico: ¯\_(ツ)_/¯ Mexico may have received a (belated) reprieve from US tariffs this week, but some goods will still be subject to US duties now and there’s still the lingering uncertainty about what (if any) tariffs... 7th March 2025 · 5 mins read
Latin America Rapid Response Mexico Consumer Prices (Feb. 2025) The rise in Mexico’s headline inflation rate, to 3.8% y/y in February was entirely driven by non-core inflation and therefore won’t be a major concern for the central bank. Indeed, we think that the... 7th March 2025 · 2 mins read
Commodities Chart Pack Commodities Chart Pack (March 2025) Weak global demand a risk to OPEC+ plans The recent confirmation from OPEC+ that it intends to go ahead with the plans to gradually increase oil production from April has coincided with ongoing signs... 6th March 2025 · 1 min read
Latin America Economics Update Trump’s tariffs and the implications for Mexico The 25% tariff on all US imports from Mexico that came into force today will, if it stays in place, knock Mexico’s economy into recession in the coming quarters. A contraction in GDP this year of 1%... 4th March 2025 · 4 mins read
Global Economics Update Is the US bloc splintering? The events of the past two weeks have called into question whether the US is severing ties not just with adversaries such as China but also allies, including Canada, Mexico and the European Union... 4th March 2025 · 6 mins read
Event Global Drop-In: Trump tariffs hit China, Mexico and Canada – Macro and market implications 1741100400 Our senior economists hosted this special online briefing all about the latest tariff announcements from the White House, their macro and market implications, and what comes n
Emerging Markets Economics Update EM manufacturing pick-up likely to be short lived The small uptick in the EM manufacturing PMI in February appears in part to be a result of the front-running of US tariffs, and is unlikely to be sustained. For now, the surveys continue to point to... 3rd March 2025 · 2 mins read
FX Markets Weekly Wrap FX Weekly: A closer look at Trump tariff risks and currencies The greenback has rebounded this week as market participants have started to take President Trump’s continued tariff threats a bit more seriously and risk sentiment has soured. Even so, we think that... 28th February 2025 · 5 mins read
Latin America Economics Weekly Latin America Weekly: Another week of tariff threats, Brazil’s slowdown Mexico's government has pulled out all the stops to stave off the 25% US import tariff that is scheduled to come into effect next Tuesday and another 11th hour deal remains a possibility. But if the... 28th February 2025 · 6 mins read
Emerging Markets Economics Update Emerging Markets Capital Flows Monitor (Feb. 2025) On aggregate, EM capital markets have continued to experience outflows in recent weeks and it’s hard to see a significant turnaround given that President Trump’s proposed policies would likely result... 26th February 2025 · 0 mins read
Latin America Rapid Response Mexico Bi-Weekly CPI (Feb. 2025) The fall in core inflation in Mexico in the first half of February combined with weak economic activity, means that Banxico is likely to press ahead with another 50bp cut at its meeting next month. 24th February 2025 · 2 mins read
Latin America Economics Weekly Latin America Weekly: Colombia’s investment, auto tariffs The bright spot in the Colombian Q4 GDP data published this week was the rise in fixed investment, but the volatile political situation and low savings rate will limit the rise in the coming years... 21st February 2025 · 5 mins read
Latin America Chart Pack Latin America Chart Pack (Feb. 2025) Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments. Some major Latin American economies are among the most exposed to the steel and... 17th February 2025 · 1 min read
