Our Latin America Chart Pack has been updated with the latest data and our analysis of recent developments.
Brazil's and Mexico's economies are likely to outperform others in the region in 2023, but this is likely to go into reverse in 2024. And our growth forecasts for most countries in the region are below the consensus. Inflation in most parts of Latin America should continue to fall, which means that the regional easing cycle will broaden out over the coming months. That said, we think the strength of underlying wage and price pressures means that monetary easing in most countries will progress more gradually than most currently anticipate.
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