Latin America Economics Update Brazilian industry still feeling the strain of a strong real While Brazil’s industrial sector appears to have made a decent contribution to growth in Q1, it seems that it will be a drag in Q2 and perhaps beyond. Manufacturers are being squeezed by the ongoing... 1st June 2011 · 1 min read
Latin America Chart Pack Domestic demand drives decent Q1 growth First quarter GDP data released over the past month confirm what we already knew – most countries in Latin America experienced a strong start to 2011. The problem, however, is that growth is still... 31st May 2011 · 1 min read
Latin America Economic Outlook Domestic demand set to drive growth The growth outlook for Latin America remains good. GDP growth is likely to slow a little over the coming quarters as external demand weakens and commodity prices come off of the boil, but the domestic... 26th May 2011 · 1 min read
Latin America Economics Update Brazilian industry still facing an uphill struggle Brazilian industrial production expanded at its fastest pace in a year in Q1 but the outlook for Q2 and beyond is less promising. The bigger picture remains that Brazilian growth is still being driven... 4th May 2011 · 1 min read
Latin America Economics Update Brazil's experience suggests that Peruvian equities could rally Peruvian markets have been hammered since Ollanta Humala, the left-wing candidate, won the first round of the Presidential election last month. There are several parallels to Brazil’s experience... 3rd May 2011 · 1 min read
Latin America Chart Pack Rising inflation pushes 'currency wars' to the backburner The past month has brought further evidence of rising inflation in Latin America. For the most part, this is still being driven by higher food and energy prices, which in turn are a reflection of the... 27th April 2011 · 1 min read
Latin America Economics Update BCB still in a bind Last night’s decision by the Brazilian Central Bank (BCB) to raise interest rates by a smaller-thanexpected 25bps illustrates the bind that policymakers currently find themselves in: how do you tackle... 21st April 2011 · 1 min read
Latin America Economics Update Why are Brazilian interest rates so high? One of the questions that we are most frequently asked is why are Brazilian interest rates so high? We think that the answer lies in the fact that fiscal policy is too loose and, more generally, that... 18th April 2011 · 1 min read
Latin America Economics Update President Rousseff heads to Beijing President Rousseff's trip to Beijing this week is likely to produce a welter of statistics illustrating how both countries have benefitted from each other's respective development in recent years. But... 11th April 2011 · 1 min read
Latin America Economics Update Still no sign of a ceasefire in Brazil's 'currency war' If recent evidence is anything to go by, Brazil’s latest effort to stem the rise in the real is unlikely to have a lasting impact on the markets. While rising inflation should mean that the... 7th April 2011 · 1 min read
Latin America Economics Update Brazil: 'Two-speed' growth concerns have not gone away The sharp jump in Brazilian industrial production in February, coupled with the rise in the March’s trade surplus, should help to ease concerns about the unbalanced nature of recent growth and will no... 1st April 2011 · 1 min read
Latin America Economic Outlook The return of inflation? The growth outlook for Latin America remains good but inflation looks set to accelerate over the coming quarters. Further policy tightening is likely in most countries, although in most cases the... 16th March 2011 · 1 min read
Latin America Economics Update Brazilian consumers still going strong Brazil’s economy grew at a slower-than-expected pace in Q4 but the more worrying news is that the drivers of growth are becoming increasingly unbalanced. 3rd March 2011 · 1 min read
Latin America Economics Update Bounce in Brazilian industry not a game changer The modest rebound in Brazilian industrial production in January is good news and the surveys suggest that output picked up further over the course of last month too. But the bigger picture remains... 2nd March 2011 · 1 min read
Latin America Economics Update Brazilian growth remains two-speed It is tempting to attribute the stagnation in Brazilian retail sales in December to recent efforts to curb credit growth but in truth the impact of these measures is unlikely to show up in the data... 15th February 2011 · 1 min read
Latin America Economics Update Brazil's cuts look big but off-balance sheet spending still key Last night’s announcement of budget cuts worth R$50bn (1.3% of GDP) should mean that Brazil’s government meets – or perhaps even betters – its ‘official’ target for the primary budget surplus of 3% of... 10th February 2011 · 1 min read
