Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments.
Aggregate Latin American growth slowed in Q3 and we doubt that there will be a pronounced pick-up in the coming quarters. And our growth GDP forecasts for the next couple of years lie below the consensus. The inflation picture has improved, with headline rates in most countries falling in October. This underpins our view that easing cycles in most countries will go further than most expect, in particular in Brazil. Colombia is the key exception where we think there’s limited room for interest rate cuts, at least until the second half of next year.
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