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)
- US - Dire July employment report makes a September easing far more likely
- EUROZONE - Our ECB and SNB rate cut calls now hang in the balance
- UK - Payroll falls should ease as tax hike drag begins to fade
- CHINA+ - China’s Politburo strikes confident tone about trade risks
- EM ASIA - Taiwan’s retail sales shrink in Q2; downside risk to our 6.4% GDP call
- LATAM - Brazil holds rates steady as tariffs cloud growth and inflation outlook
- Chile's non-mining sectors remain robust, helped by strong consumption and improving investment.
- The slump in mining output is weighing on headline growth, but external demand and copper are buffers.
- Fiscal pressures are rising as revenues lag behind target, raising the risk of budget-tightening ahead.
- Sticky core inflation and rising wage risk delay further cuts in Colombia, despite headline disinflation.
- Governor Villar flagged the worsening public finances; FM Bonilla offered little clarity on budget plans.
- We expect a shallow easing cycle, with cuts resuming only if inflation risks ease meaningfully.
- In one line: Industrial output disappoints again as tariffs loom.
- In one line: Mining volatility drags on Q2, but growth outlook holds firm.
- In one line: Mining volatility drags on Q2, but growth outlook holds firm.
- Mexico’s industrial and service sectors rebounded in Q2, offsetting weak agriculture.
- The US tariff extension brings near-term relief, supporting manufacturing, exports and capex.
- Domestic policy volatility, weak sentiment and a real wage slowdown still weigh on broader momentum.
LATAM RECOVERY REMAINS UNEVEN AMID POLICY AND RISK…
- …DISINFLATION IS PROGRESSING, BUT GROWTH REMAINS FRAGILE
- In one line: Labour market still strong, but momentum set to fade.
- In one line: Retail strength holds; mining hit by temporary setback.
- In one line: On hold, signalling caution amid heightened uncertainty.
- In one line: On hold, signalling caution amid heightened uncertainty.
- In one line: Solid momentum but headwinds lingering.
- In one line: Solid momentum but headwinds lingering.
