- Chile’s Q3 real GDP growth was driven by mining and manufacturing; private consumption is weak.
- Interest rate cuts likely will continue, but the end is approaching as inflation rises and global risks loom.
- The external balance is improving, but higher import costs and global trade tension threaten the recovery.
Andrés Abadía (Chief LatAm Economist)Latin America
- Economic activity is slowing as inflation remains benign, raising rate-cut expectations for Banxico…
- …But external pressures and domestic challenges will complicate monetary policy decisions.
- Fiscal uncertainty looms as government revenue targets clash with growth forecasts for 2025.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest cut while keeping the door open for further reductions.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A solid Q3, but downside risks have emerged.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A solid Q3, but downside risks have emerged.
Andrés Abadía (Chief LatAm Economist)Latin America
- Recent data indicate Brazil’s Q3 GDP growth should be strong, but worries are mounting for 2025.
- Lula’s government is facing pressure to implement fiscal adjustments to prevent a downturn in H1.
- Banxico faces uncertainty as external factors complicate its future decisions on rate adjustments.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Hit by global and domestic uncertainty
- Mexico — Trump 2.0 hurting prospects
- Colombia — Uncertainty looming large
Andrés Abadía (Chief LatAm Economist)Latin America
- The US election result signals economic challenges for LatAm, amid rising inflation and interest rates.
- Peru’s BCRP has adopted a cautious stance due to global uncertainty and potential US tariff impacts.
- Chile is facing deteriorating economic conditions as inflation surges and the CLP weakens sharply.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Headline inflation rebounds as electricity tariffs rise.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Headline inflation rebounds as electricity tariffs rise.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Rising inflation pressures on the back of bad weather conditions.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: Rising inflation pressures on the back of bad weather conditions.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest cut; approaching the end of the easing cycle.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A modest cut; approaching the end of the easing cycle.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A modest rebound, but the outlook has deteriorated.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: A modest rebound, but the outlook has deteriorated.
Andrés Abadía (Chief LatAm Economist)Latin America
- The US election result shifts monetary policy expectations; LatAm central banks’ stance to tighten.
- Mr. Trump’s potential protectionist policies will exacerbate the economic challenges for LatAm.
- Rising inflation risks and BRL depreciation forced Brazil’s COPOM to accelerate interest rate hikes.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A bold 50bp hike to bring inflation expectations in check.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A bold 50bp hike to bring inflation expectations in check.
Andrés Abadía (Chief LatAm Economist)Global
- Brazilian Real — Uncertainty amid elevated risk
- Mexican Peso — Risks increase after Mr. Trump’s win
- Colombian Peso — Much noise for a vulnerable currency
Andrés Abadía (Chief LatAm Economist)Latin America
