Latin America Chart Pack Latin America Chart Pack (May 2024) Our Latin America Chart Pack has been updated with the latest data and our analysis of recent developments. While GDP growth in the Andean economies will be stronger this year than last, the opposite... 22nd May 2024 · 1 min read
Latin America Economics Update Andean economies on the recovery path The strong pick-up in Andean economies at the start of this year confirms that their painful rebalancing process has run its course. GDP growth will be stronger this year than last – unlike in Brazil... 21st May 2024 · 2 mins read
Latin America Economics Update How will Mexico’s election affect nearshoring prospects? The policies of the Mexican presidential frontrunner, Claudia Sheinbaum, would provide a more supportive environment for the nearshoring of manufacturing supply chains. But we doubt that she’ll carry... 16th May 2024 · 4 mins read
Event LatAm Drop-In: Mexico’s next president – Economic risk and opportunity 1717423200 The winner of Mexico’s presidential election on 2nd June will have a busy in-tray, from taking advantage of the opportunities presented by near-shoring to the challenges posed
Capital Daily LatAm currencies may weaken despite hawkish bias The hawkish tone of Latin American central banks this week supports our view that loosening cycles in the region will proceed more gradually than many anticipate. But even so, we think most Latin... 10th May 2024 · 5 mins read
Latin America Economics Weekly Mexico’s Pemex problem, Copom’s politicisation Comments from Mexican officials this week that the government could take some of Pemex’s debts onto its own balance sheet would ease the firm's default risks. But it would come at the expense of a... 10th May 2024 · 7 mins read
Latin America Economics Update Mexico Consumer Prices (Apr. 2024) The rise in Mexico’s headline inflation rate, to 4.7% y/y in April, was mainly due to a fresh jump in agricultural inflation which masked a fall in core inflation. Still, there’s nothing in the data... 9th May 2024 · 2 mins read
Latin America Economics Update Mexico: fiscal concerns return to the spotlight The Mexican government’s pre-election spending spree means that the next administration will have its work cut out to put the country’s public finances back onto a stable footing. Claudia Sheinbaum... 8th May 2024 · 4 mins read
Latin America Economics Weekly Q1 growth rebound, Panama votes, fiscal risks rising The activity data from Latin America released over the past week or so suggest that, having come to a standstill in Q4, there was a strong rebound in growth in Q1 on the back of robust services... 3rd May 2024 · 8 mins read
FX Markets Update Weakness in the Mexican peso may have further to go We think that the recent weakness in the Mexican peso was partly a symptom of stretched positioning. Given that risk premia still appear unusually low and the outlook for the “carry trade” is... 30th April 2024 · 5 mins read
Latin America Rapid Response Mexico GDP (Q1 Provisional) The slightly faster-than-expected 0.2% q/q expansion in Mexico’s economy in Q1, alongside strong underlying price pressures and the delay to rate cuts in the US, mean that Banxico is all but certain... 30th April 2024 · 2 mins read
Energy Update Mexico’s oil export cuts won’t damage global supply Longstanding turmoil in Mexico’s state-owned oil company, Pemex, alongside newly announced export cuts, raise questions about the outlook for Mexico’s oil output. But it will not be a large enough... 30th April 2024 · 4 mins read
Latin America Chart Pack Latin America Chart Pack (Apr. 2024) Our Latin America Chart Pack has been updated with the latest data and our analysis of recent developments. Activity in the region picked up in Q1 and we expect this to continue in the coming quarters... 24th April 2024 · 1 min read
Latin America Rapid Response Mexico Bi-Weekly CPI (Apr. 2024) The rise in Mexico’s headline inflation rate to 4.6% y/y in the first half of April, coming alongside the delay to rate cuts in the US (and fall in the peso), mean that Banxico is all but certain to... 24th April 2024 · 2 mins read
Latin America Economics Weekly Currency worries, Venezuela oil sanctions The recent falls in many Latin American currencies, alongside stubbornly strong core price pressures, support our relatively hawkish view on the outlook for monetary policy in the region. Elsewhere... 19th April 2024 · 5 mins read
