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)
- Brazil — Facing mixed influences, but outlook upbeat
- Colombia — Positive trend, but politics a threat
- Chile — Solid domestic and external conditions
Andrés Abadía (Chief LatAm Economist)Latin America
- Another 50bp rate cut is warranted in Brazil next week, with underlying inflation in check.
- We still see the possibility of a bigger cut in Q2, but challenging external conditions are posing a threat.
- Mexico’s industrial sector faces challenges despite the good start to Q1; future prospects are bright.
Andrés Abadía (Chief LatAm Economist)Latin America
- US job market data stabilises yields, boosting LatAm currencies and easing pressure on policymakers.
- Colombia’s disinflation pace eased in February but will soon gather speed, as domestic demand is struggling.
- The COP’s stability will also help, assuming President Petro continues to face challenges in Congress.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Overshooting expectations, once again, by far.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Overshooting expectations, once again, by far.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: On hold, but expect a further rate cut soon.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: On hold, but expect a further rate cut soon.
Andrés Abadía (Chief LatAm Economist)Latin America
- Peru’s BCRP surprised markets by keeping rates on hold but reducing reserve requirements.
- Chile’s inflation surged in February, due to the CLP sell-off, posing challenges for the BCCh.
- Risks and uncertainty loom as the CLP faces depreciation pressures due to the unattractive carry.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Falling inflation raises expectations of an interest rate cut this month.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Falling inflation raises expectations of an interest rate cut this month.
Andrés Abadía (Chief LatAm Economist)Latin America
- The swift decline in inflation in Mexico paves the way for a potential interest rate reduction this month.
- Services inflation remains sticky, but softening economic activity indicates an upcoming downtrend.
- Brazil’s industry had a bad start to 2024, but leading indicators point to brighter conditions on the horizon.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A poor start to the year, but the outlook is improving.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazilian Real — Stability amid uncertainty
- Chilean Peso — Unattractive carry trade is hurting
- Peruvian New Sol — Leading the EM pack amid challenges
Andrés Abadía (Chief LatAm Economist)Latin America
- The Mexican presidential election campaign officially kicks off after nine months of preparations.
- The incumbent party’s candidate continues to lead the polls, as the economy is still faring relatively well.
- Sheinbaum’s “next phase of transformation” focuses on infrastructure, social aid and renewables.
Andrés Abadía (Chief LatAm Economist)Latin America
- Chile’s economy began the year strongly, yet it is premature to claim success.
- Further rate cuts are needed due to the weakening job market and the continued strain on capex.
- Peru’s favourable disinflation story faced a setback in February, but this will not hinder future rate cuts.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s economic recovery stalled in H2, after an impressive performance in previous quarters.
- Falling private consumption, due to tight financing conditions, has put the economy under strain.
- Bold rate cuts are still needed, assuming an improvement in external conditions and a better fiscal outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
MONETARY POLICY NORMALISATION CONTINUES...
- ...DESPITE A BAD START TO Q1 FOR INFLATION, DUE TO EL NIÑO
Andrés Abadía (Chief LatAm Economist)Latin America
- Disinflation continues in Mexico, and the near-term outlook remains benign according to survey data.
- The Q4 GDP report confirms activity was under pressure, due to a range of domestic and external drags.
- Tighter financial conditions are the main issue, but the numbers allow Banxico to start cutting in March.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico — Protests against AMLO, but…
- Colombia — Superpowers for President Petro?
- Peru — Cabinet changes to present a new image
Andrés Abadía (Chief LatAm Economist)Latin America
- Data to be released in coming days will likely confirm that the Mexican economy struggled in Q4.
- If core disinflation continues as we expect, Banxico will start to cut rates next month.
- Argentina’s economy is under pressure, but some good news is emerging, particularly on fiscal issues.
Andrés Abadía (Chief LatAm Economist)Latin America
