Pantheon Publications
Below is a list of our Publications for the last 5 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)
- October’s IPCA-15 shows headline inflation is back below 5% in Brazil, amid weaker demand…
- …A resilient BRL and falling fuel costs strengthen the case for a cautious BCB rate cut.
- Mr. Milei’s legislative win boosts Argentinian assets, limits governability risk and opens door to reform.
- In one line: Disinflation anchored by a stronger BRL.
- Mr. Kast has steady support in Chile, but fragmented politics and social tensions cloud reform prospects.
- Macro fundamentals remain sound, though capex weakness limits near-term growth momentum.
- Fiscal credibility and governance will determine the durability of Chile’s post-election market stability.
- In one line: Uneven performance, but risks remain tilted to the downside.
- In one line: Uneven performance, but risks remain tilted to the downside.
- Industry in Mexico remains in contraction, with services sustaining limited but consistent growth.
- Easing headline inflation gives Banxico room to make cautious, data-driven policy rate cuts.
- Fiscal support and lower rates will help cushion growth, but structural headwinds persist into 2026.
- President Petro’s confrontation with Washington risks undoing decades of cooperation and stability.
- Economic activity is weakening as the construction and service sectors lose growth momentum.
- Fiscal pressures, policy uncertainty and political noise threaten the fragile recovery.
- Argentina has secured US support as elections near, but political uncertainty is keeping markets on edge.
- The swap deal buys time, yet weak demand and fiscal pressures are weighing on the outlook.
- Peru’s economy is maintaining solid growth despite political instability and pre-election uncertainty.
- Mexico’s industrial output fell, as mining and construction wiped out fragile manufacturing gains.
- The job market is cooling and falling remittances are squeezing incomes, hurting private consumption.
- Fiscal stimulus and Banxico rate cuts will cushion growth, but recovery prospects remain fragile.
- In one line: A modest improvement, but risks remain biased to the downside.
- In one line: A modest improvement, but risks remain biased to the downside.
- August’s modest IBC-BR rebound masks persistent weakness across Brazil’s key sectors.
- Retail and services show a tentative stabilisation, but tight credit and high rates continue to hurt demand.
- Fiscal transfers offer temporary support, but restrictive policy will keep growth subdued in 2026.
- Brazil — President Lula gains ground amid tensions
- Mexico — Trade, security and stability
- Chile — Conservatives hold ground prior to crucial vote
- Core inflation remains elevated in Colombia, highlighting persistent demand across key sectors.
- BanRep is likely to hold rates as minimum-wage risks and inflation expectations challenge policy flexibility.
- Temporary price pressures lifted September inflation in Chile, but disinflation is likely to resume in Q4.
- Peru’s Congress has impeached President Boluarte, amid surging crime and collapsing support.
- Interim President Jerí assumes office with a limited mandate; restoring confidence will be a challenge.
- Peru’s economy is holding firm despite the saga, supported by strong institutions and fundamentals.
- In one line: Disinflation holds, but core pressures persist.
- In one line: Inflation rises marginally, but disinflation remains on track.
- In one line: Disinflation holds, but core pressures persist.
- Brazil’s disinflation is continuing amid an electricity tariff shock and strong currency support.
- Mexico’s inflation is steady in late Q3, pressured by services despite softening in goods inflation.
- Central banks will tread cautiously, balancing rate cuts with sticky core inflation and economic growth.
- Brazil — Rally on easing inflation
- Mexico — From record peaks to profit-taking
- Chile — Market consolidates after regional volatility
