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44 matches for " global trade war":
LatAm assets and currencies had a bad November, due to global trade war concerns, the USD rebound and domestic factors.
Data last week confirmed that Peru's economic growth slowed sharply in the first half of the year, due to the damaging effects of the global trade war hitting exports.
While we were away, EM growth prospects and risk appetite deteriorated significantly, due mainly to rising geopolitical risks, weaker economic prospects for DM, and, in particular, the most recent chapter of the global trade war.
What do the protests mean for Chile's economy?
Money supply growth in the Eurozone rebounded slightly last month, reversing some of the weakness at the start of the year.
Brazil's external accounts were a relatively bright spot again last year.
The MPC won't seek to make waves on Thursday.
Mexican economic data was surprisingly benign last week.
The MPC held back last week from decisively signalling that interest rates would rise when it meets next, in May.
The verdict from the German business surveys is in; economic growth probably slowed further in Q2.
Brazil's external accounts continue to surprise to the upside, with the current account deficit remaining close to historic lows and capital flows performing better than anticipated, mostly due to higher-than- expected FDI.
Data released yesterday in Brazil support our base case that the IPCA inflation rate will remain relatively stable over the coming months, hovering around 2%.
The BRL remains under severe stress, despite renewed signals of a sustained economic recovery and strengthening expectations that the end of the monetary easing cycle is near.
Colombia's GDP growth hit a relatively solid 2.8% year-over-year in Q4, up from 2.7% in Q3, helped by improving domestic fundamentals, which offset the drag from weaker terms of trade.
The key aspects of the ECB's policy stance will remain unchanged at today's meeting.
Many analysts were alarmed earlier this week by news from across the pond that the U.S. treasury is planning to break the bank in the fight against Covid-19.
Chile's near-term economic outlook is still negative, but clouds have been gradually dispersing since late Q4, due mostly to better news on the global trade front, China's improving economic prospects, and rising copper prices.
We are sticking to our call for a weak first half in Japan, despite likely upgrades to Q1 GDP on Monday.
Brazil's industrial sector is on the mend, but some of the key sub-sectors are struggling.
Yesterday's first estimate of full-year 2019 GDP in Mexico confirmed that growth was extremely poor, due to domestic and external shocks.
Recent global developments lead us to intensify our focus on trade in LatAm.
Yesterday's Brazilian industrial production data were downbeat.
Data released on Friday show that the Chilean economy had a weak start to the second half of the year.
Peru's economic recovery gathered strength late last year.
Chile and Peru faced similar growth trends in 2018, namely, a solid first half, followed by a poor second half, particularly Q3.
LatAm assets did well in Q1, on the back of upbeat investor risk sentiment, low volatility in developed markets and a relatively benign USD.
The ramifications of continued disappointing Asian growth, particularly in China, and its impact on global manufacturing, are especially hard-felt in LatAm.
Chile's market volatility and high political risk continue, despite government efforts to ease the crisis.
Brazilian inflation has been well under control in the past few months, still laying the ground for rates to remain on hold for the foreseeable future.
The Brazilian Central Bank's policy board-- COPOM--voted unanimously on Wednesday to cut the Selic rate by 50bp to 5.00%, as expected.
Brazilian assets were hit in Q3 by global external challenges, while domestic fundamentals gradually improved.
Business investment has held up better than most economists--ourselves included--expected after the Brexit vote.
The Andean economies haven't been immune to the turmoil roiling the global economy in the past few weeks.
Evidence of accelerating economic activity in Colombia continues to mount, in stark contrast with its regional peers and DM economies.
Brazil's central bank kept the Selic policy rate at 6.50% this week, as markets broadly expected.
The Brazilian Central Bank's policy board-- COPOM--voted unanimously on Wednesday to cut the Selic rate by 50bp to 5.50%.
Leading indicators and survey data in Brazil still suggest a rebound from the relatively soft GDP growth late last year and in Q1.
Peru's April supply-side monthly GDP data confirm that the economic rebound lost momentum at the start of the second quarter.
Incoming activity data from Colombia over the past quarter have been surprisingly strong, despite many domestic and external threats.
Colombia has been one of LatAm's outperformers this year.
The MPC will have to issue fresh, dovish guidance in order to satisfy markets on Thursday, which now think the Committee is more likely to cut than raise Bank Rate within the next six months.
The build-up to today's ECB meeting has drowned in the focus on Italy's new political situation and the rising risk of a global trade war.
The global coronavirus pandemic is hitting the LatAm economy at a particularly vulnerable time, following last year's stuttering economic recovery, temporary shocks in key economies and the effect of the global trade war.
It is still premature to make fundamental changes to our core views for the global or LatAm economy, following President Trump's plan to slap hefty tariffs on steel and aluminium imports, potentially escalating into a global trade war.
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