Latin America Chart Pack Growth relapses in the third quarter After staging a brief recovery in Q2, the Latin American economy appears to have suffered a relapse in the third quarter. Our calculations show that regional growth slowed to just 2.5% y/y in Q3, from... 27th November 2013 · 1 min read
Latin America Economics Update Fresh falls in Latin American currencies Latin American currencies have tumbled against the US dollar since mid-October and in many cases they are close to the lows that they reached during the height of this summer’s market sell-off... 15th November 2013 · 1 min read
Latin America Chart Pack Inflation eases back Having picked up in several countries in the early part of this year, inflation has slowed in most of Latin America in recent months and is now back within its target range in each of the region's... 29th October 2013 · 1 min read
Latin America Economics Update Uruguayan authorities losing their grip on inflation It’s still early days, but on the basis of the latest data we remain sceptical that Uruguay’s recently revamped monetary policy will be any more successful at bringing inflation under control than the... 4th October 2013 · 1 min read
Latin America Chart Pack Growth accelerates in Q2 but falters at start of Q3 The raft of official GDP data released over the past month confirmed that, having slowed sharply since the start of 2012, growth in Latin America picked up pace in the second quarter of this year. We... 25th September 2013 · 1 min read
Latin America Economics Update Weaker currencies have not fully restored competitiveness The depreciation of exchange rates across Latin America since May only goes part of the way to restoring external competitiveness that has been lost over the past five years. As such, we suspect that... 16th September 2013 · 1 min read
Latin America Chart Pack Exporters beginning to benefit from weaker currencies The recent increase in manufactured exports may be the first sign that Latin American industry is beginning to feel the benefit of weaker currencies. Nominal exports grew by 2.2% y/y in July, having... 29th August 2013 · 1 min read
Latin America Economics Update Brazil: how will policymakers respond to market rout? The sell-off in the Brazilian real over the past month has triggered a sharp upward revision in market expectations for interest rates over the next year. In this month’s Watch we explain why... 20th August 2013 · 1 min read
Latin America Chart Pack Rates to stay lower than the market expects Latin American central banks have taken divergent paths in 2013. Whereas Brazil started to hike interest rates in April, both Colombia and Mexico have trimmed their benchmark rates this year... 31st July 2013 · 1 min read
Latin America Economic Outlook A new era of weaker growth Latin American growth fell to its slowest rate since 2009 in the first half of this year and, while some countries are likely to see a rebound over the coming quarters, we think that for most this... 29th July 2013 · 1 min read
Latin America Economics Update Investment plan another reason to expect Mexico rebound The poor performance of the Mexican economy so far this year has been one of the biggest disappointments in Latin America. In this Watch we explain why, in contrast to Brazil, the slowdown owes more... 16th July 2013 · 1 min read
Latin America Chart Pack Fed sends markets reeling Latin American bonds, equities and currencies have slumped over the past month after the US Fed signalled its intention to taper its asset purchases under QE3 later this year. But while financial... 27th June 2013 · 1 min read
Latin America Economics Update Uruguay's revamped inflation strategy still looks flawed Changes to Uruguay’s monetary policy regime, including a shift towards monetarism, are unlikely to be a panacea for the country’s inflation problems. Without tighter economic policy and efforts to... 11th June 2013 · 1 min read
Latin America Chart Pack Slower growth to become the new norm Economic growth across Latin America was weaker than expected in Q1. We estimate that regional GDP increased by about 2.2% y/y, down from 2.8% y/y in Q4 of last year – the slowest pace since 2009... 31st May 2013 · 1 min read
Latin America Economic Outlook Hidden vulnerabilities Latin American GDP growth slowed to its lowest rate since 2009 in the first quarter of this year and, while we expect to see a gradual recovery over the coming quarters, mounting vulnerabilities will... 22nd May 2013 · 1 min read
Latin America Economics Focus What can Uruguay do to bring inflation down? Contrary to popular belief, Uruguay’s stubbornly high inflation rate is partly structural in nature and not simply the result of overheated demand. Bringing inflation down permanently will require far... 9th May 2013 · 1 min read