Pantheon Publications
Below is a list of our Publications for the last 5 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.
Ian Shepherdson (Chief Economist, Chairman and Founder) Andrés Abadía (Chief LatAm Economist)
- Food and regulated prices lifted Argentina’s inflation, but underlying pressures continue to ease gradually.
- Lower sovereign spreads and reserve accumulation reflect improving confidence in fiscal sustainability.
- Stable ARS demand and restrictive financial conditions should support further disinflation ahead
- In one line: Food and utilities keep inflation elevated.
- In one line: Food and utilities keep inflation elevated.
- In one line: Inflation improves, but the balance of risks remains hawkish.
- In one line: Inflation improves, but the balance of risks remains hawkish.
- Food and electricity prices pushed inflation higher in Brazil, limiting room for further monetary easing…
- …Inflation expectations are still rising, as weather and geopolitical risks threaten further inflation pressures.
- Softer inflation supports a rate pause in Peru, but risks increasingly point away from further easing.
- The rebound in Mexico’s industry eases recession fears, but manufacturing activity is far from a boom.
- Services remain Brazil’s main growth engine, supported by resilient domestic demand…
- …But persistent inflation and softer surveys suggest services growth will moderate further.
- Brazil — Fiscal worries cap upside
- Mexico — Rally pauses as investors reassess risks
- Colombia — Elections dominate the equity story
- In one line: Inflation eased in May, but persistent services inflation will keep Banxico cautious.
- In one line: Inflation eased in May, but persistent services inflation will keep Banxico cautious.
- US - Four notes of caution over the recent upturn in payrolls
- EUROZONE - ECB set to end year-long policy hiatus this week with a 25bp hike
- UK - Money and credit review: few signs of a hit to activity from Iran war
- CHINA+ - China tightens oversight of outbound investment and capital flows
- EM ASIA - War noise unlikely to stop Vietnam’s exports from flying higher in Q3
- LATAM - El Niño adds new inflation risks to LatAm, but hit differs widely
- Lower electricity tariffs and softer food prices pushed Mexico’s headline inflation back into target range.
- Persistent services inflation and housing costs continue to delay a sustained downward trend.
- Oil prices, USMCA uncertainty and El Niño keep inflation risks tilted upward.
- Colombia’s inflation pressures are broadening, delaying further progress towards BanRep’s target…
- …Housing, services and food are keeping Colombian inflation elevated despite restrictive monetary policy.
- Chile’s benign CPI suggests the oil-price pass-through is limited and largely contained, for now.
- Industrial output in Brazil enters Q2 solidly, supported by commodities and resilient demand.
- Manufacturing and capital goods continue to lag, highlighting weak capex and high real rates.
- Persistent inflation and tariff risks threaten to prolong industry’s uneven recovery in H2.
- Markets favour Keiko Fujimori, but Peru’s run-off will still test confidence in institutional stability…
- …Inflation is heading north, leaving the next administration with less room for policy mistakes.
- Food prices eased in Colombia, but services, rents and utilities keep inflation pressures elevated overall.
- Brazilian Real — Rally pauses as policy risks rise
- Mexican peso — Strong fundamentals, but risks abound
- Colombian peso — Politics now the market driver
LATAM’S DISINFLATION STORY IS BREAKING DOWN
- OIL, POLITICS AND FISCAL RISKS KEEP CENTRAL BANKS ON ALERT
- US - NFP preview: the die is weighted toward a downside surprise
- EUROZONE - Inflation shock will sting real income growth in France in 2026
- UK - Corporate failures remain low, but Iran war will boost distress slightly
- CHINA+ - Korea’s chip-export bonanza allows BoK to focus on inflation risks
- EM ASIA - Thailand’s latest consumer stimulus will reshape—not re-energise—2026
- LATAM - Brazil’s economy enjoys solid Q1, but inflation clouds the outlook
- El Niño could complicate LatAm’s inflation outlook just as geopolitical risks keep energy prices elevated.
- Argentina stands to benefit, while Colombia faces the region’s largest inflation risk.
- Disruption to food, energy and logistics could widen macroeconomic divergences across the region.
