Latin America Economics Update Chilean growth to slow as consumer spending boost fades The resilience of private consumption has been the key reason why Chile’s economy has outperformed its larger neighbours in recent months. But we doubt that the current pace of household spending will... 8th August 2012 · 1 min read
Latin America Economics Update Lower commodity prices would expose the region’s laggards The whole of Latin America would be worse off as a result of lower commodity prices, but sharp falls would exacerbate clear divisions in the growth outlook within the region. Chile, Colombia and Peru... 7th August 2012 · 1 min read
Latin America Economics Update Brazilian industry still stuck in a rut The modest increase in industrial output in June does not alter the fact that Brazil’s economy and its manufacturers in particular are still struggling. Further stimulus measures seem likely over the... 1st August 2012 · 1 min read
Latin America Economics Update What next for Peruvian inflation? The key question for Peruvian policymakers is not so much ‘will inflation continue to fall back in 2012?’, but rather ‘will the recent spike in grains prices trigger a rebound in 2013?’. Although we... 1st August 2012 · 1 min read
Latin America Economics Update Recession bites as Argentina's 'model' begins to unravel The economic outlook for Argentina just keeps getting worse. Not only do we think that the country fell into a recession in Q2 but, judging by the extent of the recent slowdown, it now appears... 31st July 2012 · 1 min read
Latin America Economics Update Recession bites as Argentina's 'model' begins to unravel The economic outlook for Argentina just keeps getting worse. Not only do we think that the country fell into a recession in Q2 but, judging by the extent of the recent slowdown, it now appears... 31st July 2012 · 1 min read
Latin America Economics Update Colombia cuts, rates likely to fall further The decision on Friday night by the Colombian Central Bank (BANREP) to cut interest rates followed deterioration in the performance of the economy. The Bank’s dovish comments suggest that rates could... 30th July 2012 · 1 min read
Latin America Chart Pack Brazil still struggling The Brazilian economy continues to struggle. Having expanded by a meagre 0.2% q/q in the first quarter of this year, there are few signs that growth picked up in Q2. Elsewhere in the region, growth... 27th July 2012 · 1 min read
Latin America Economics Focus One year on, has Peru’s Humala lost his way? Ollanta Humala’s first year as Peru’s president has been a bittersweet one. While markets have warmed to the ex-army officer’s emergence as a pragmatic centrist, his poor rural support base appears to... 26th July 2012 · 1 min read
Latin America Economics Update Chavez pumps the economy ahead of Venezuelan election With the outcome of the Venezuelan presidential election still delicately balanced, the authorities are taking steps to pump economic growth. But while that raises the chance that President Chavez... 23rd July 2012 · 1 min read
Latin America Economics Update Mexican interest rates more likely to fall than rise The Mexican Central Bank (BANXICO) left interest rates on hold at 4.5% this afternoon. Strong economic growth and a recent pick-up in inflation mean that the three-year pause may last a while longer... 20th July 2012 · 1 min read
Latin America Economics Update Colombia: Disappointing activity data point to rate cuts The latest activity data from Colombia indicate that the economy slowed further in Q2. As a result, while policymakers may await concrete evidence that the recent consumer credit boom has ended, it... 20th July 2012 · 1 min read
Latin America Economics Update Worrying signs from Argentina’s central bank Judging by the latest data, Argentina’s new Central Bank Charter has cemented the BCRA’s role as a state-financing vehicle. With the economy on the brink of recession, we suspect that the government... 19th July 2012 · 1 min read
Latin America Economics Update Colombian equities should still perform relatively well Having been one of the darlings of the international markets over the past 18 months or so, Colombian equities have had a torrid time in recent weeks. But they remain amongst the best performing in... 18th July 2012 · 1 min read
Latin America Economics Update Chile, Peru still on course for rate cuts later in the year While there was little doubt that Chile and Peru would leave interest rates unchanged last night, we continue to believe that both countries will lower rates before year-end. On balance, we feel that... 13th July 2012 · 1 min read
Latin America Economics Update Brazilian interest rates to stay lower for longer Last night’s decision by the Brazilian Central Bank (BCB) to cut interest rates was widely expected. With policymakers struggling to revive the economy, and external headwinds brewing, we think that... 12th July 2012 · 1 min read
