Global Economics

Nikhil Sanghani is an Emerging Markets Economist, specialising in Latin America. He joined Capital Economics on the graduate scheme in 2018 and has worked across the company, covering the US, Canada and global financial markets before joining the Emerging Markets team in 2019. He holds an undergraduate degree from the University of Warwick in Economics, Politics and International Studies, and is currently studying for a Master’s degree in Economic History from the London School of Economics. Nikhil speaks and reads Spanish.

Articles published by Nikhil Sanghani

• Is high inflation here to stay in Latin America?
• Mexico Industrial Production (Jul.)
• Peru: BCRP stepping up pace of tightening
• Mexico Consumer Prices (Aug.)
• Chile Consumer Prices (Aug.)
• Chile GDP (Q2 2021)
• Colombia: BanRep to hike despite Q2 GDP drop
• Peru & Mexico hikes, Chile’s public spending spree
• Banxico’s tightening cycle progressing slowly
• Mexico Industrial Production (Jun.)
• Brazil IPCA (Jul.)
• Mexico Consumer Prices (Jul.)
• Chile GDP, central bank hawks, Brazil’s meteor
• The economic fallout from political risks in Lat Am
• Worrying signs from Castillo, regional re-opening
• Mexico’s Delta despairs, Bolsonaro’s giveaways
• Mexico Bi-Weekly CPI (Jul.)
• Chile: start of a long but gradual tightening cycle
• Mexico Industrial Production (May)
• Unpacking Banxico’s minutes, Sinovac success?
• Mexico Consumer Prices (Jun.)
• Fallen angel and a rising star
• Peru: Lessons from Humala’s presidency
• Central banks turning hawkish, virus waves easing
• Banxico: surprise hike a sign of things to come
• Argentina’s NT outlook not as dire as many think
• Mexico Bi-Weekly CPI (Jun.)
• A deep dive into Mexican inflation
• Colombian fiscal can-kicking, Brazil electric(ity) shock
• A fresh look at Chile’s virus and vaccine trends
• Peru & Mexico elections, (another) Argentine default?
• Five key questions on Mexico’s midterm elections
• Banxico sets a high bar for hikes, new virus worries
• Unpacking the political risks in Chile
• Political risks coming to the fore
• Mexico Bi-Weekly CPI (May)
• Assessing the fallout from Colombia’s fiscal drama
• COP drop, commodity price rally to the rescue?
• Mexico Consumer Prices (Apr.)
• Brazil: Copom turning increasingly hawkish
• Brazil Industrial Production (Mar.)
• Colombian protests, vaccine wrap-up
• Mexico GDP (Q1 Prov.)
• Three is not the magic number in Chile
• Diverging policy responses to rising inflation
• Chile pension withdrawals, Brazil’s budget woes
• Mexico Bi-Weekly CPI (Apr.)
• Q2 already looking shaky
• Unpacking the election surprises in Ecuador & Peru
• Peru & Ecuador votes, Banxico’s doves, rising virus cases
• Mexico Industrial Production (Feb.)
• Chile: infections, vaccines and the recovery
• Mexico Consumer Prices (Mar.)
• Argentina & the IMF: 22nd time lucky?
• Chile rate hikes on the horizon, Brazilian payrolls
• Bumpy regional recovery faces another hurdle
• Banxico begins a long pause
• Mexico Bi-Weekly CPI (Mar.)
• Colombian tax reform, vaccines and Brazil’s struggles
• Chile GDP (Q4 2020)
• Fiscal worries in Brazil, Argentina’s inflation dilemma
• Mexico Industrial Production (Jan.)
• Colombia’s fiscal U-turn to support the recovery
• Mexico Consumer Prices (Feb.)
• Banxico staying put, Brazil’s Petrobras mess
• Brazil & Mexico Mid-Month CPI (Feb)
• Staying relatively upbeat on Peru’s economy
• Colombia: the next fallen angel?
• Colombia GDP (Q4 2020)
• Banxico in a dovish mood but additional cuts unlikely
• A closer look at Latin America’s vaccine rollout
• Mexico Industrial Production (Dec.)
• Brazil & Mexico CPI (Jan.)
• Ecuador election: all eyes on debt risks
• Brazil Industrial Production (Dec. 2020)
• Mexico GDP (Q4 Prov.)
• A challenging Q1
• Mexico Bi-Weekly CPI (Jan.)
• Banxico set to tolerate higher inflation
• Mexico Industrial Production (Nov.)
• Jabs arriving as second waves hit
• A look ahead to Latin America’s elections
• Mexico Consumer Prices (Dec.)
• Mexico Bi-Weekly CPI (Dec.)
• Vaccine plans and politics, Cuba libre-lisation
• Banxico: dovish tilt suggests easing cycle to resume
• New faces at Banxico, BanRep and Brazil’s Congress
• Mexico Industrial Production (Oct.)
• Five things to watch for in 2021
• Mexico Consumer Prices (Nov.)
• Vaccines to deliver healthy dose of support to Lat Am
• Assessing the state of recoveries in Latin America
• Mexico’s current account surplus, Brazil payrolls
• Brazil & Mexico Mid-Month CPI (Nov.)
• Andean pension withdrawals, Pemex financing
• BCRA vs. the Argentine peso: what next?
• Chile GDP (Q3 2020)
• Colombia GDP (Q3 2020)
• Post-US election fallout, BCB rate hikes still a way off
• Brazil IPCA (Oct. 2020)
• Brazil Industrial Production (Sep.)
• Latest surveys suggest Brazil remains ahead of Mexico
• US election & Latin America: what’s at stake?
• Mexico GDP (Q3 Prov.)
• The potential fallout from Chile’s referendum
• Chile’s referendum, BCB’s autonomy
• Mexico Bi-Weekly CPI (Oct.)
• ARS adjustment inevitable, Bolivia’s election
• Mexico Industrial Production (Aug.)
• Mexico Consumer Prices (Sep.)
• BCRA changes tack, Brazil’s Renda Cidadã mess
• Currencies under fire, Mexico’s tepid recovery
• Mexico Bi-Weekly CPI (Sep.)
• Dim outlook for Argentina’s crushed economy
• Argentina’s cepo, Brazil’s fiscal saga continues
• Export recovery will be a long slog
• Mexico Industrial Production (Jul.)
• Will EMs gain from China’s strong recovery?
• What to make of Mexico’s 2021 budget
• PMIs provide more evidence of uneven recovery
• A closer look at Argentina’s debt deal
• Argentina & the IMF, Banxico’s mixed signals
• Mexico Bi-Weekly CPI (Aug.)
• Taking stock of Q2 GDP and the recovery so far
• Weaker Mexican inflation to drive more Banxico cuts
• Mexico Industrial Production (Jun.)
• Argentina & Ecuador’s debt deals, Brazil’s recovery
• Mexico GDP (Q2 Prov.)
• First signs of EM recovery losing steam
• Mexican pensions, Pemex report, Brazil’s tax reform
• Mexico Bi-Weekly CPI (Jul.)
• Signs of (slow) regional recovery, Chile bond yields
• Industry weighing on Mexico’s economy
• Argentina and Ecuador’s debt wrangles, bleak Brazil
• Mexico Industrial Production (May)
• Mexico Consumer Prices (Jun.)
• Rising unemployment, fiscal damage, USMCA
• What next for EM inflation?
• PMIs: Manufacturing recovery underway
• Taking stock of the EM recovery
• Latin America’s lockdown conundrum
• Mexico Industrial Production (Apr.)
• Another look at EM financial conditions
• Mexico Consumer Prices (May)
• Argentina: restructuring deal may not be enough
• PMIs suggest the worst may be over for EM industry
• Banxico set for further easing, early signs of fiscal hit
• PMIs confirm manufacturing meltdown
• The lowdown on EM lockdowns
• Mexico GDP (Q1, Prov.)
• Assessing the impact of low oil prices on Mexico
• Five Q&As on Argentina’s restructuring proposal
• Pemex default risks rising
• Coronavirus deepens Argentina’s debt crisis
• EM PMI masks weakening conditions
• Would capital controls work in EMs?
• Brazil IPCA-15 (Mar. 2020)
• Mexico Bi-Weekly CPI (Mar.)
• EM financial conditions: Alarm bells starting to ring
• Three key points on the oil market rout
• PMI slump may underestimate coronavirus hit
• Argentina: what to make of the IMF’s latest review
• EM central bank responses to the coronavirus fallout
• Buenos Aires bluff backfires, Chilean growth rebounds
• Solid January PMIs yet to capture coronavirus hit
• Three key questions on the Buenos Aires debt saga
• Clues on Argentine debt, new forecasts
• What next for the EM easing cycle?
• Old tricks in Argentina, Mexico’s minimum wage hike
• EM PMI stable but external backdrop challenging
• Mexico Bi-Weekly CPI (Dec.)
• Argentina reprofiling, Brazilian beef & Mexico rates
• Guessing about Guzmán, USMCA deal finalised
• Argentina: What to watch for as Fernández takes office
• Argentina’s new cabinet, Chile’s economic pain
• PMIs: Asia improves but Emerging Europe weakens
• Argentina: a closer look at debt restructuring
• EM industry on a stable footing in Q4
• Political uncertainty reigns in Argentina and Chile
• Tepid recovery on the horizon
• Argentina: First thoughts following Fernández win
• What would a Fernández win mean for Argentina?
• Lessons from the history of globalisation
• Lessons from the history of globalisation
• EM industry holding up
• Middle East tensions and the impact on EM rates
• Mexico Industrial Production (Jul.)
• Mexico Consumer Prices (Aug.)
• EM manufacturing showing signs of stabilisation
• BoJ’s headache may push the yen higher
• Trade war not certain to force the Fed’s hand
• Investors still too optimistic about the Fed’s ability to save the day
• BoJ policy stance may put upward pressure on the yen