Brazil GDP, Peru & Colombia elections, Cuba tensions

Data due next Friday are likely to show that growth in Brazil's economy rebounded by 0.7% q/q in Q1. Coming alongside the recent rise in inflation, that raises the possibility that the BCB may opt for an even more cautious easing cycle this year than we had expected. Elsewhere, the US has tightened the screws on Cuba. The most significant implications of any attempt at regime change would probably be geopolitical rather than macroeconomic. Finally, Peru and Colombia are headed for polarised presidential elections. We'll be discussing what Colombia's election taking place on 31st May means for its economy and financial markets in an online briefing next Wednesday at 10:00 ET/15:00 BST - register here.