Latin America Publications
Below is a list of our Latin America Publications for the last 5 months. If you are looking for reports older than 5 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.
Daily Monitor Andrés Abadía (Chief LatAm Economist)
- Mexican peso — Policy shift weakens the carry story
- Colombian peso — Carry and oil drive outperformance
- Chilean peso — Oil shock dominates the outlook
- Brazil’s job market is cooling from tight levels, limiting faster disinflation and prospects for rate cuts.
- Mexico’s labour market is tight at the headline level, but job quality is deteriorating, with rising informality…
- …Strong wage growth supports consumption but reinforces inflation pressures and structural issues.
- Fiscal discipline anchors stability in Argentina, but household weakness is constraining the recovery.
- Inflation remains sticky, limiting policy easing and complicating the economic upturn.
- The energy sector is supporting growth, but financial vulnerabilities are high.
- The oil-driven inflation shock is delaying easing in Chile, and even raising the probability of tightening.
- The growth outlook has weakened as tighter financial conditions and fiscal restraint bite.
- Policy is on hold for now, but risks have tilted clearly to the hawkish side in Chile and the region as a whole.
- Food and energy shocks have driven inflation higher in Mexico, but core pressures are contained.
- Economic activity weakened sharply at the start of the year, signalling a broader loss of momentum.
- Banxico will hold rates, as inflation risks are persisting and growth slowing, reinforcing its cautious stance.
- Consumption remains resilient in Mexico, but softening fundamentals signal momentum will slow ahead.
- Sticky services inflation and higher energy prices limit room for Banxico to resume its easing cycle soon…
- …It will likely prioritise its credibility, delaying cuts as external risks and inflation pressures intensify.
- Brazil’s rate cut marks the start of the easing cycle, but the inflation outlook has become more uncertain.
- External shocks and oil prices will curb disinflation, reinforcing the need for gradual policy adjustment.
- The COPOM is keeping its options open, but high uncertainty limits scope for faster rate cuts ahead.
- Brazil — Election race tightens as fiscal risks mount
- Mexico — Fiscal push meets market volatility
- Colombia — Fragmentation sharpens electoral maths
- Peru’s inflation is rising on supply shocks; anchored expectations allow BCRP to maintain a cautious tone.
- Activity remains resilient and near potential, though energy disruption and external risks cloud the outlook.
- Policy will likely stay on hold, as uncertainty limits the scope for action, at least over the next six months.
- Economic activity in Brazil began the year on a solid footing, but the upturn is still uneven.
- Higher oil prices improve the external balance but risk reigniting inflation pressures.
- The COPOM faces a delicate balance between stabilising growth and preserving inflation credibility.
- Brazil’s February inflation confirms the disinflation trend, but the oil-price surge carries upside risk.
- Higher oil prices could delay the COPOM’s easing cycle, keeping financial conditions tight.
- Retail sales started the year strongly, but low confidence signals fragile consumption.
- Brazil — Weathering volatility; outlook still positive
- Mexico — Absorbing oil shock but holding record highs
- Chile — Supportive domestic backdrop still intact
- Headline inflation in Colombia eased in February, but core and services prices continue to rise.
- The minimum-wage shock and indexation threaten to halt disinflation and keep expectations high this year.
- A fragmented Congress and competitive presidential race raise political risk premia across markets.
- Higher oil prices and geopolitical tensions risk reversing recent disinflation progress across LatAm.
- Banxico likely will pause easing as core inflation remains sticky and external risks intensify.
- Chile’s inflation has cooled below target, but rising oil prices and a weaker CLP now threaten the outlook.
- Higher oil prices divide exporters and importers, as markets weigh the duration of Middle East tensions.
- The oil shock and a weak Imacec highlight Chile’s fragile growth, as manufacturing struggles…
- …Rate cuts, copper strength and fiscal consolidation shape the outlook, though geopolitics is the key risk.
- Brazilian Real — Risk-off shock erases February gains
- Mexican Peso — Hit by the geopolitical shock
- Chilean Peso — Middle East shock flips the narrative
- Brazil’s Q4 GDP confirms minimal growth, as capex plunges and private consumption stalls.
- Exports and agribusiness cushion activity, masking weak domestic demand and an investment collapse.
- The COPOM is set to ease gradually, but the oil shock clouds the inflation and policy outlook.
- Solid growth and contained inflation underpin Peru’s resilience despite intensifying political turbulence…
- …Strong buffers anchor confidence as upcoming elections delay fiscal and capex decisions.
- The oil-price surge reshuffles the currency outlook, but for now deeper regional fallout appears limited.
- Activity in Brazil ended 2025 softly, with services weakening and industry hurt by tight conditions…
- …Imminent rate cuts and fiscal support will likely steady growth, though risks remain elevated.
- A chronic lack of stability and voter disaffection cloud elections in Peru, but fundamentals are the key.
- Mexican inflation stays contained but firmer core inflation justifies Banxico’s cautious pause.
- Non-core disinflation offsets tax-driven core stickiness leaving policy easing gradual in Q2.
- Colombia’s January CPI surge reflects the minimum-wage hike and the stalling convergence to target.
