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.
- Non-core inflation surged in October, highlighting temporary drivers are impacting Mexico’s CPI.
- Stable core inflation amid weak demand suggests a dovish approach to Banxico’s future rate cuts.
- MXN sell-off risks and global trade uncertainty challenge inflation management strategies ahead.
Andrés Abadía (Chief LatAm Economist)Latin America
- Bad weather and energy prices are driving inflation in Brazil and Mexico, challenging policymakers.
- Weather-related shocks in Brazil are notably contributing to its economic deterioration.
- COPOM will address these challenges, but further tightening may not improve the inflation outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Under control, but the MXN sell-off is a threat.
Andrés Abadía (Chief LatAm Economist)Latin America
- The IGAE reveals the Mexican economy is slowing, with volatility in agricultural and industrial sectors.
- Consumer confidence is declining as households worry about prospects and job-market weakness.
- The manufacturing sector contracted further, driven by demand retrenchment and external pressures.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Weakening, due mainly to tighter financial conditions and elevated uncertainty.
Andrés Abadía (Chief LatAm Economist)Latin America
- The retail sales decline in Mexico signals economic strain, prompting urgent need for interest rate cuts.
- Rising remittances provide temporary relief, yet worries are growing amid political uncertainty.
- Key sectors are struggling as consumer sentiment deteriorates, highlighting challenges for the recovery.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Under pressure, as agriculture and industrial production weaken.
Andrés Abadía (Chief LatAm Economist)Latin America
- Colombia’s economic recovery continues, but sector disparities highlight underlying vulnerabilities.
- Retail sales offset weak manufacturing output; inflation and political uncertainty pose risks.
- BanRep likely will cut rates further at upcoming meetings but has no need to accelerate the pace.
Andrés Abadía (Chief LatAm Economist)Latin America
- Chile’s central bank cut by a steady 25bp, despite choppy external conditions.
- Subdued inflation pressures and sluggish economic activity point to further easing, to neutral…
- …But volatile external trends, potentially hitting the CLP and fiscal accounts, are a key threat.
Andrés Abadía (Chief LatAm Economist)Latin America
- Economic activity is slowing as financial conditions tighten and agricultural output was hit by drought.
- Peru’s economic recovery is gaining momentum, driven by a strong labour market and mining output.
- Chile’s BCCh will cut rates but likely adopt a cautious approach, as geopolitical noise is mounting.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Fiscal reset amid policy shifts
- Mexico — Sheinbaum’s pragmatic economic shift?
- Colombia — Increased political noise hurting the economy
Andrés Abadía (Chief LatAm Economist)Latin America
- BCRP held interest rates steady, despite the recent improvement in inflation and economic uncertainty.
- Global geopolitical noise and unfavourable base effects have pushed policymakers to the sidelines.
- Mexico's industry is struggling amid construction issues and weak manufacturing demand.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: On hold, as inflation likely to increase marginally in Q4 due to base effects.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Hit by falling construction activity.
Andrés Abadía (Chief LatAm Economist)Latin America
- Inflation in Mexico continues to decline, fueling expectations for further rate cuts from Banxico.
- More rate cuts are on the horizon, but their pace and magnitude remain up for debate within Banxico.
- Factors like agricultural price rebounds and external pressures could complicate the inflation outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil’s inflation data show subdued pressures but rising risk from oil prices and drought conditions.
- The retail sales decline signals economic headwinds as Brazil faces tighter financial conditions ahead.
- Banxico will keep cutting interest rates in Q4 as the inflation picture continues to improve.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Subdued inflation pressures, allowing Banxico to cut rates further.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A benign inflation report despite a number of threats.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico — Global issues and politics the key drags
- Colombia — Subdued due to fiscal noise
- Chile — Markets rise amid economic optimism
Andrés Abadía (Chief LatAm Economist)Latin America
