Latin America Economics Update Latest devaluation won't cure Venezuela's economic ills The Venezuelan authorities bowed to the inevitable late on Friday and devalued the bolivar fuerte. Although this should help to ease some of the strains in the public finances, it won’t do much to... 11th February 2013 · 1 min read
Latin America Economics Update Bright start to the year as global tensions ease This is the first edition of our new monthly Latin America Markets Monitor. The purpose of this publication is to analyse the developments in local markets over the past month and give an update on... 22nd January 2013 · 1 min read
Latin America Economics Update Taking stock of developments in Venezuela The recent rally in Venezuelan government bonds, on the back of speculation that the deteriorating health of President Hugo Chávez will lead to a shift towards more market friendly policies, stands in... 7th January 2013 · 1 min read
Latin America Chart Pack Growth picking up, but 2013 set to be a testing year Growth in Latin America has accelerated in the final months of this year. We reckon that regional GDP is on course to expand by just over 3% y/y in Q4, up from less than 2.5% y/y in Q3. This should... 14th December 2012 · 1 min read
Latin America Economics Update Chavez's absence adds to the uncertainty in Venezuela Venezuelan economic policy looks set to remain in limbo until the future of the President Hugo Chávez is resolved. Devaluation of the bolivar, which we had expected early next year, may be delayed... 10th December 2012 · 1 min read
Latin America Chart Pack A better end to the year Latin America appears to be enjoying an end of year growth spurt. We estimate that regional GDP growth accelerated to around 3% y/y in Q3, from a three-year low of 2.5% y/y in Q2. What’s more, growth... 28th November 2012 · 1 min read
Latin America Economic Outlook Growth to slow amid global headwinds The economies of Latin America will continue to outperform their peers in the developed world over the coming quarters, but growth is set to slow in 2013 and will be lacklustre by the standards of the... 21st November 2012 · 1 min read
Latin America Economics Update Few options left to plug holes in Venezuela's balance of payments A combination of quick-fix remedies may enable the Venezuelan economy to withstand the loss of exports revenues if oil prices fall over the next couple of years. But with the authorities running out... 13th November 2012 · 1 min read
Latin America Economics Update Making sense of the Andes construction boom Increased savings and investment levels have fuelled a surge in construction activity in Latin America’s Andean economies, helping to raise their long-run growth potential. But in a few countries... 7th November 2012 · 1 min read
Latin America Chart Pack Currency concerns start to resurface The strength of local currencies is once again starting to trouble policymakers across Latin America. But while there has been a tendency to blame exchange rate appreciation on a third round of... 24th October 2012 · 1 min read
Latin America Economics Update Devaluation of Venezuelan bolivar on the cards for 2013 The fact that over half of FX transactions in Venezuela have already been forced onto the black market – where the bolivar trades at much weaker rates – means that the country has already seen a sharp... 22nd October 2012 · 1 min read
Emerging Markets Economics Update How reliant are EM governments on high commodity prices? A sharp decline in commodity prices would cause the public finances to deteriorate in many emerging market countries, with the loss of revenues greatest in the Middle East and parts of Africa. However... 16th October 2012 · 1 min read
Latin America Economics Update Chávez re-election to deepen Venezuela’s economic problems Hugo Chávez’s re-election as President of Venezuela is likely to result in a sharp sell-off in the bond market over the coming days and a 40-50% devaluation of the bolivar before year-end. More... 8th October 2012 · 1 min read
Latin America Chart Pack Stimulus starting to take hold in Brazil There are signs that policy stimulus is starting to take hold in Brazil. Retail sales are growing, car sales hit a record high in August and even output in the beleaguered industrial sector has... 27th September 2012 · 1 min read
Latin America Economics Focus Where is Venezuela heading after the election? A victory for Hugo Chávez in next month’s presidential election could culminate in an economic crisis in Venezuela at some point during the next six year term. By contrast, a win for the Opposition’s... 17th September 2012 · 1 min read
Latin America Economics Update A closer look at regional growth 2012 has been a year of mixed fortunes for Latin America’s largest economies. In Chile and Peru, growth has bounced back following a minor wobble in late 2011 and both countries are currently... 13th September 2012 · 1 min read
