Latin America Publications
Below is a list of our Latin America 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.
Chartbook Datanotes Daily Monitor Andrés Abadía (Chief LatAm Economist)
- In one line: A poor end to Q1, but the underlying trend remains positive.
Andrés Abadía (Chief LatAm Economist)Latin America
- The Fed likely will start easing in late Q3; LatAm policymakers will have a more difficult task ahead.
- Colombia’s BanRep met expectations with a ‘bold’ 50bp rate cut; we expect more of the same.
- Chile’s economy faced challenges at the end of Q1, yet the fundamental trend remains positive.
Andrés Abadía (Chief LatAm Economist)Latin America
LATAM CENTRAL BANKS ADOPT A MORE HAWKISH POSITION
- A CAUTIOUS FED AND STICKY SERVICES INFLATION ARE HURTING
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexican Peso — Underperforming amid risk-off
- Colombian Peso —Resilience amid gradual rate cuts
- Chilean Peso — Poised for rebound amid benign factors
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s Q1 GDP shows growth momentum is slowing rapidly, amid economic concerns.
- Tighter financial conditions and a still-challenging external backdrop are real threats.
- The labour market performed well in Q1, but higher real interest rates will dent its resilience.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation continues to fall rapidly, leaving the door open to further rate cuts.
Andrés Abadía (Chief LatAm Economist)Latin America
- Banxico will likely keep rates on hold after the upside surprise in headline inflation in early April.
- Disinflation is likely to resume in late Q2, allowing policymakers to resume cuts, the Fed permitting.
- Economic activity in Argentina continued to falter in Q1, but the EMAE report reveals positive signs.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Banxico likely to move to the sidelines next month.
Andrés Abadía (Chief LatAm Economist)Latin America
- LatAm central banks are taking a cautious approach to monetary policy due to a still-hawkish Fed.
- Mexico’s economic activity rebounded solidly in February, helping to avert a sharper downturn in Q1.
- Increased fiscal support is boosting growth, but rising real rates pose challenges in H2.
Andrés Abadía (Chief LatAm Economist)Latin America
- Thousands of Colombians protest against Petro’s economic and social reforms; good news for the COP.
- Economic activity is struggling to gain momentum, due to tight financial conditions and policy risk.
- The improving external accounts provide BanRep with flexibility; we expect further bold rate cuts in Q2.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s economic activity saw a solid improvement in February, as private consumption gathers speed.
- Increased fiscal uncertainty and a cautious US Fed complicate Brazil’s economic and rates outlook.
- The minutes of the last BCCh policy meeting strike a more dovish tone, but things have changed recently.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A solid start to the year, but downside risks are emerging.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Revised fiscal forecasts presented to Congress
- Mexico — Recap of the first presidential debate
- Colombia — Concerns over Petro’s populist measures
Andrés Abadía (Chief LatAm Economist)Latin America
- Fiscal and exchange rate measures curb Argentina’s inflation picture; we expect further good news.
- Argentina’s fiscal situation is showing signs of improvement as the government tackles the deficit.
- Peru’s economy is gaining momentum amid low inflation and looser monetary policy.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s industrial sector will drag on Q1 GDP amid construction woes, despite manufacturing reviving.
- Residential construction is struggling, but infrastructure is showing signs of improvement.
- The long downturn in manufacturing output is over, according to the PMI, but downside risks remain.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Resuming rate cuts but keeping a cautious bias.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s March inflation data clear a path for solid monetary easing by the COPOM in May…
- …But robust private consumption could mean the BCB adopts a more measured stance in H2.
- Retail sales rebounded sharply in Q1 amid improving credit conditions; will this trend continue?
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Back to the target range, and the near-term outlook is benign.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil - Tailwinds amid political and fiscal headwinds
- Colombia - Supported by economic tailwinds, but…
- Peru - Slump as pension-fund withdrawal fears loom
Andrés Abadía (Chief LatAm Economist)Latin America