Latin America Economics Update Macri makes big strides in first 100 days but work still to do President Mauricio Macri’s first 100 days in office have seen an impressive range of measures to put Argentina’s fragile balance of payments position on a more sustainable footing. By any reasonable... 21st March 2016 · 1 min read
Latin America Data Response Chile GDP & Current Account (Q4) The sharp slowdown in Chile’s GDP growth in the final quarter of last year means that the economy grew by a disappointing 2.0% over 2015 as a whole and we doubt the economy will pick-up soon. We... 18th March 2016 · 1 min read
Latin America Economics Update Weak Chilean economy means rate hikes will be gradual The Central Bank of Chile’s decision to keep interest rates on hold at 3.50% for the third consecutive month reinforces our view that the weakness of the economy will ensure the pace of further... 18th March 2016 · 1 min read
Emerging Markets Financial Risk Monitor Recent improvement in EM sentiment backed by fundamentals The risk of a systemic EM financial crisis remains low. Our CERI suggests that financial vulnerabilities across the emerging world are much smaller now than at the time of previous crises and have... 17th March 2016 · 1 min read
Latin America Economics Update Five things you wanted to know about Brazil (but were too afraid to ask) It’s becoming increasingly difficult to keep tabs on the deepening crisis in Brazil. How much of it is due to political problems? How much is economic? And what should investors watch for as events... 16th March 2016 · 1 min read
Latin America Data Response Peru Economic Activity (Jan.) Peruvian economic growth slowed sharply in January, but the economy remains in a strong position and we expect GDP growth to accelerate this year. 15th March 2016 · 1 min read
Latin America Economic Outlook Feeling the squeeze 2016 is shaping up to be a better year for investors in Latin America than 2015. With global commodity prices now at a bottom and set to edge up this year, we expect most equity markets in the region... 15th March 2016 · 1 min read
Emerging Markets Trade Monitor EM trade fears overdone The latest trade figures have reignited fears about the health of emerging markets. But while EM trade growth has slowed in recent years, we see little reason for alarm. 15th March 2016 · 1 min read
Latin America Data Response Mexico Industrial Production (Jan.) The return to growth in Mexican industrial production at the start of this year is encouraging, but the underlying trend is still weak. What’s more, the pick-up was due to an improvement in mining and... 11th March 2016 · 1 min read
Latin America Economics Update Peru holds rates, but the tightening cycle has further to run The Central Reserve Bank of Peru’s decision to leave interest rates unchanged at 4.25% is unlikely to mark the end of the tightening cycle and we expect further rate hikes over the coming months. 11th March 2016 · 1 min read
Latin America Data Response Colombia GDP (Q4) Colombia’s economy grew by a respectable 3.3% y/y in the final quarter of 2015, but we expect the economy to slow this year as the impact of lower oil prices continues to bite and economic policy... 10th March 2016 · 1 min read
Latin America Economics Update Brazil’s political crisis takes dramatic turn Brazil’s financial markets rallied after news broke last week that former President Lula had been detained (and later released) in relation to the ongoing corruption probe at Petrobras. But this... 9th March 2016 · 1 min read
Emerging Markets Economics Update Why has the oil windfall been felt unevenly across EMs Consumer spending growth has risen far more sharply in Emerging Europe than in Emerging Asia over the past year and a half, even though both regions have received a similar boost from the drop in oil... 9th March 2016 · 1 min read
Latin America Data Response Mexico Consumer Prices (Feb.) The further rise in Mexican inflation in February to 2.9% y/y from 2.5% y/y in January, was due largely to a pick-up in food inflation, rather than an increase in general price pressures. Even so... 9th March 2016 · 1 min read
Latin America Data Response Brazil Consumer Prices (Feb.) The fall in Brazilian inflation in February, to 10.4% y/y from 10.7% y/y in January, was driven entirely by the unwinding of the impact of regulated price hikes implemented in the same period last... 9th March 2016 · 1 min read
Latin America Data Response Chile Consumer Prices (Feb.) The smaller-than-expected fall in Chilean inflation in February suggests that price pressures remain strong. This creates a dilemma for the central bank, which is likely to be reluctant to hike rates... 8th March 2016 · 1 min read
