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.
Andrés Abadía (Chief LatAm Economist)
- In one line: Under pressure on a sequential basis.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A landslide victory for Ms Sheinbaum.
Andrés Abadía (Chief LatAm Economist)Latin America
- Claudia Sheinbaum makes history after being elected as Mexico’s first female president.
- Ms. Sheinbaum’s victory was expected, but a potential MORENA supermajority brings uncertainty.
- The Chilean economic activity index rebounded in April, but disappointing details point to rate cuts.
Andrés Abadía (Chief LatAm Economist)Latin America
LATAM RECOVERY REMAINS SUBPAR...
- ...BUT LOW INFLATION IS ALLOWING GRADUAL INTEREST RATE CUTS
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Struggling on a sequential basis, despite the solid headline numbers.
Andrés Abadía (Chief LatAm Economist)Latin America
- The Brazilian labour market’s resilience will continue to raise inflation concerns for policymakers.
- Robust economic activity in recent months likely will slow the disinflation process, but not for long.
- Downside risks persist for the economy in H2; tighter financial conditions will be the main drag, by far.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico is bracing for historic elections, as Claudia Sheinbaum—AMLO’s protégée—eyes the presidency.
- Financial markets anticipate a Sheinbaum victory, but uncertainties linger and a surprise could happen.
- Legislative outcomes will shape Mexico’s economic outlook amid concerns over AMLO’s interventionism.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s May inflation data support a 25bp rate cut at the next policy meeting on June 19, but risks linger…
- …The floods in the south of the country have had a limited impact so far, but the hit will be felt soon.
- Inflation expectations are on the rise; a further deterioration would limit the central bank’s options.
Andrés Abadía (Chief LatAm Economist)Latin America
- Chile’s BCCh slowed its rate cutting pace to 50bp, citing lagged inflation pressures.
- It kept a relatively dovish tone, however, pointing to further easing in coming meetings, as FX fears ease.
- Board reaffirms data-dependent approach, highlights “clexibility” for future decisions.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Gradual rate cuts ahead; data to guide pace.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s Q1 GDP upward revision masks the underlying economic slowdown; rate cuts are badly needed.
- Pre-election spending will fuel short-term growth, despite rising public debt and economic challenges.
- Core inflation is easing in May, allowing a still-hawkish Banxico to consider rate cuts next month.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mixed signals in Colombia’s Q1 GDP, as strong consumption clashes with weak investment.
- Policy uncertainty under President Petro is stifling the investment recovery; the outlook remains bleak.
- The more than 30% collapse in capex since Petro took office highlights the hit, amid high interest rates.
Andrés Abadía (Chief LatAm Economist)Latin America
- Chile’s economy gained traction in Q1, thanks mainly to improving domestic demand.
- Falling inflation and lower interest rates are gradually supporting the upturn, but downside risks remain.
- The recovery will likely lose speed but won’t collapse; further monetary policy normalisation will help.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s real GDP rebounded in Q1, thanks mainly to improving domestic demand, but risks loom for H2.
- Fiscal challenges, a weakening external backdrop and bad weather conditions have clouded the outlook.
- COPOM minutes reinforce the hawkish stance, despite a split vote, and cite fiscal risks to inflation.
Andrés Abadía (Chief LatAm Economist)Latin America
