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’s unemployment rate drops to record low, indicating tight labour market conditions….
- …But economic indicators suggest potential job market slowdown as tight financial conditions bite.
- Chile’s August economic data was strong, yet leading indicators signal caution for future growth.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Resilient at the headline level, for now.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: The door has been left open for further easing.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: The door has been left open for further easing.
Andrés Abadía (Chief LatAm Economist)Latin America
- Banxico has cut interest rates as expected, and maintains a dovish stance amid economic weakness.
- Declining inflation, struggling economic activity and the Fed’s easing will allow further rate cuts.
- Argentina’s radical reforms drive a modest recovery, yet significant challenges remain.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Resuming the downtrend, despite significant threats.
Andrés Abadía (Chief LatAm Economist)Latin America
- Inflation has been slowing rapidly in September, reinforcing our expectations for a stable Selic rate.
- Underlying pressures are still under control, and we expect the picture to remain benign in Q4.
- The current account deficit is widening amid falling exports, resilient imports and fiscal concerns.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: The downtrend continues as non-core pressures ease.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s inflation decline paves the way for Banxico to cut rates at tomorrow’s meeting.
- Weak economic growth is pressuring policymakers to ease further, but political noise will remain a risk.
- Brazil’s COPOM minutes signal caution, suggesting limited rate hikes amid slowing growth.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: CBI points to struggling manufacturing but it is volatile, watch the stronger PMI instead.
Andrés Abadía (Chief LatAm Economist)UK
- Mexico’s economy has started H2 on a solid footing, as temporary shocks fade and inflation falls…
- …But manufacturing remains under pressure and formal employment growth is slowing.
- Banxico’s upcoming rate decision has to balance inflation control and policy uncertainty.
Andrés Abadía (Chief LatAm Economist)Latin America
- Colombia’s economy faces headwinds despite the modest recovery; policy shifts muddy the outlook.
- President Petro’s reform agenda meets political resistance, again; economic stability is at risk.
- BanRep is dealing with inflation and growth worries amid government pressure for a dovish policy shift.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A pre-emptive 25bp hike in response to persistent inflation risks.
Andrés Abadía (Chief LatAm Economist)Global
- In one line: In one line: A pre-emptive 25bp hike in response to persistent inflation risks.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s COPOM raised the Selic rate to 10.75% amid rising inflation risks and economic resilience.
- The market expects further rate hikes, but we see rates on hold as economic activity is faltering.
- Argentina’s GDP continued to fall in Q2 due to Mr. Milei’s reform efforts to put the economy on track.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Fiscal and policy challenges
- Mexico — Judicial reforms heighten political risk
- Colombia — Political turmoil clouds the economic outlook
Andrés Abadía (Chief LatAm Economist)Latin America
- Argentina’s inflation battle is far from over, despite some visible improvements.
- The government’s economic strategy will need to evolve to ensure lasting disinflation.
- The 2025 budget targets ambitious inflation goals amid economic uncertainty and market disparities.
Andrés Abadía (Chief LatAm Economist)Latin America
- The BCRP cut rates to 5.25%, maintaining a cautious approach amid inflation stabilisation and global risks.
- Real interest rates remain restrictive, despite easing, as inflation expectations align with the target.
- The narrowing rate differential with the Fed poses currency risk, but pressures are likely temporary.
Andrés Abadía (Chief LatAm Economist)Latin America
- The COPOM has a tough rate decision amid rising inflation expectations, and elevated policy risk.
- Mixed economic data highlight resilient services growth, but the industrial recovery remains fragile.
- New BCB leadership under Gabriel Galípolo brings uncertainty to future policy and inflation-targeting.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A decent performance in early Q3, but tight financial conditions remain a threat.
Andrés Abadía (Chief LatAm Economist)Latin America
