Pantheon Publications
Below is a list of our Publications for the last 6 months. If you are looking for reports older than 6 months please email info@pantheonmacro.com, or contact your account rep.
Please use the filters on the right to search for a specific date or topic.
Andrés Abadía (Chief LatAm Economist)
- In one line: Solid, but tight financial conditions will be a drag in H1.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A poor start to Q4, and the near-term outlook is grim.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Hit by elevated fiscal uncertainty
- Mexico — Contingent on external conditions
- Chile — Commodities and politics to watch
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A significant rate hike to control inflation expectations.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A significant rate hike to control inflation expectations.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil faces significant economic challenges as inflation and geopolitical tensions escalate in 2025.
- We expect bold policy action today; the inflation outlook has deteriorated sharply due to the BRL sell-off.
- The next meeting will mark a transition, as the new governor will have to tackle the inflation pressures.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s disinflation is continuing as core pressures ease further, allowing Banxico to cut rates further.
- Geopolitical uncertainty around the new US administration’s policies could hit the economic outlook.
- Sticky core inflation and high policy uncertainty complicate BanRep’s ability to accelerate rate cuts.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Core inflation continues to fall, allowing Banxico to cut rates further.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Core inflation continues to fall, allowing Banxico to cut rates further.
Andrés Abadía (Chief LatAm Economist)Latin America
- Chile’s economic recovery faces challenges from weak sentiment and external risks.
- Fiscal issues persist as the government plans spending cuts to address revenue shortfalls ahead.
- Inflation in Peru remains within the target range, signalling that the end of the easing cycle is nearing.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s industrial sector remains relatively resilient, but tighter financial conditions will be a drag in 2025.
- The trade balance shows the surplus is shrinking, indicating challenges from external demand.
- Chile’s inflation picture remains benign, despite recent volatility; the BCCh will continue to cut rates.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazilian Real — Fiscal noise has hit badly
- Colombian Peso — Resilient, but downside forces loom.
- Chilean Peso — External pressures and copper dynamics.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Solid, but high interest rates will be a drag.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s economy performed strongly in Q3, despite the hit from elevated real interest rates.
- Solid private consumption and resilient capex offset the drag from less supportive external conditions.
- The outlook is deteriorating, as higher rates—due to fiscal noise—start to stifle economic activity.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Solid, but high interest rates will be a drag.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Solid, but high interest rates will be a drag.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s outlook for the coming quarters has deteriorated, but H2 2025 shows promise.
- US tariffs may disrupt supply chains and harm both nations, but pragmatism likely will prevail.
- Fiscal consolidation strategies seek to stabilise the economy amid rising inflation and external threats.
Andrés Abadía (Chief LatAm Economist)Latin America
LATAM ECONOMIES FACE UNCERTAIN PATH UNDER TRUMP 2.0…
- …AMPLIFYING INFLATION RISKS AND ECONOMIC PRESSURES
Andrés Abadía (Chief LatAm Economist)Latin America
- Peru’s economy is thriving thanks to low inflation and interest rate cuts, despite external challenges.
- The near-term outlook remains positive, yet risks loom from Donald Trump’s potential policies.
- The Chancay mega-port positions Peru as a key player in global trade but introduces significant risk.
Andrés Abadía (Chief LatAm Economist)Latin America
- Inflation is surging in Brazil due to temporary shocks, complicating matters for the COPOM.
- Colombia’s recovery continues, yet growth momentum remains subpar due to still-high interest rates…
- …The fiscal debate is intensifying, with significant budget cuts and worries about revenue shortfalls.
Andrés Abadía (Chief LatAm Economist)Latin America
