Latin America Economics Update Mexican industry set to pick up, despite drop in PMI Brazil’s manufacturing PMI picked up a little in March, while Mexico’s manufacturing PMI edged down. But the bigger picture is that Brazil’s manufacturing sector is still barely growing. By contrast... 1st April 2014 · 1 min read
Latin America Economics Update Markets steady after January rout Latin America’s financial markets stabilised in March after a woeful start to the year. In most countries, currencies and equity markets made modest gains. Colombia’s financial markets performed... 27th March 2014 · 1 min read
Latin America Chart Pack A Slow start to 2014 There have been further signs during the past month that Latin America has entered a new era of sluggish economic growth. With most of the official data for the fourth quarter now released, our... 26th March 2014 · 1 min read
Latin America Economic Outlook Growth to stay weak as commodity boom ends The world economy is recovering, but we expect growth in Latin America to continue to trudge along at a rate of 2.5-3.0% over the coming years. Sluggish growth will be due in part to less supportive... 21st March 2014 · 1 min read
Latin America Economics Update Structural change in China: who is most vulnerable? The past week has seen renewed concern that a slowdown in China will drag on growth in the rest of the emerging world, including Latin America. We think some of these concerns are justified. But while... 13th March 2014 · 1 min read
Latin America Economics Update Outlook brightening for Mexican manufacturers Manufacturing PMIs fell in both Brazil and Mexico last month. But while we expect growth in Brazilian manufacturing to remain sluggish for the foreseeable future, we continue to expect Mexican... 3rd March 2014 · 1 min read
Latin America Chart Pack Venezuela’s economic crisis deepens Venezuela’s government has responded to the eruption of violent protests in the country over the past month with yet another overhaul of its exchange rate system – the aim being to provide more... 28th February 2014 · 1 min read
Latin America Economics Update Calm returns to Lat. Am. markets Following the turmoil experienced during the first few weeks of this year, financial markets across much of Latin America have stabilised over the past month. In most countries, bond yields have... 25th February 2014 · 1 min read
Latin America Economics Update Mexican growth close to bottoming out The slowdown in Mexican GDP growth to 0.7% y/y in Q4 means that the economy grew by just 1.1% in 2013 – its weakest performance since 2009, and its second weakest performance since 2002. Nonetheless... 21st February 2014 · 1 min read
Latin America Economics Focus Five reasons why we’re still upbeat on Mexico GDP data due to be released tomorrow are likely to show that Mexico grew by just 1.0% y/y in Q4 of last year, and by only 1.2% over 2013 as a whole. Even so, we think that there are still good reasons... 20th February 2014 · 1 min read
Latin America Economics Update Latin America’s wasted decade Concerns about widening current account deficits have been a key factor driving the recent turbulence in financial markets in Latin America. But while the deterioration in the current account... 18th February 2014 · 1 min read
Latin America Economics Update No evidence that weaker currencies are fuelling higher inflation Inflation was lower-than-expected across much of Latin America last month, which may help to dampen fears that weak currencies will fuel higher inflation. Despite this, another 50bp interest rate hike... 7th February 2014 · 1 min read
Latin America Economics Update More reasons to expect Mexican industry to outperform January’s manufacturing surveys add to the evidence that Mexico will outperform Brazil over the coming months. While Mexican manufacturing growth is on course to accelerate towards 5% y/y, there is... 4th February 2014 · 1 min read
Latin America Chart Pack Argentina devalues as Lat Am markets routed again Latin America’s financial markets have been among the hardest hit in the storm that has swept through the emerging world since the start of the year. The attention has focused on Argentina, where the... 31st January 2014 · 1 min read
Latin America Economics Update Will market turmoil trigger interest rate hikes? The recent market turmoil increases the likelihood of another 50bp interest rate hike in Brazil, but policymakers elsewhere in the region are unlikely to tighten monetary policy unless the currency... 30th January 2014 · 1 min read
Latin America Economics Update A sluggish start to 2014 Latin American financial markets have had a soft start to 2014, with currencies continuing to fall against the US dollar, benchmark equities declining and the regional EMBI bond yields rising. Looking... 23rd January 2014 · 1 min read
