Pantheon Macroeconomics

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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)

10 March 2025 LatAm Monitor Trade, inflation and economic activity risks under Trump 2.0

  • The US tariff delay brings temporary relief, but uncertainty looms beyond April; capex will still be hurt.
  • Brazil’s real GDP slowed sharply in Q4, due to falling private consumption and softening capex.
  • H1 will be better, at face value, thanks to robust agricultural output and government stimulus.

Andrés Abadía (Chief LatAm Economist)Latin America

7 March 2025 LatAm Monitor US trade-policy missteps pushing Mexico to the verge of recession

  • Mexico’s economy is struggling as tariffs noise fuel uncertainty, weighing on trade, capex and confidence.
  • Private consumption and investment are plunging; remittances from the US face growing threats.
  • Colombia’s external accounts are seeing lower deficits, robust remittances and an improving outlook.

Andrés Abadía (Chief LatAm Economist)Latin America

6 March 2025 LatAm Monitor Under control, despite increased external uncertainty

  • Brazilian Real — Resilience in the face of adversity
  • Argentinian Peso — Path to stability, US permitting
  • Chilean Peso — Solid domestic drivers

Andrés Abadía (Chief LatAm Economist)Latin America

5 March 2025 LatAm Monitor A solid start to 2025 for Chile, limiting BCCh's scope for action

  • Chile’s economy started Q1 on a solid footing, thanks mainly to increased private consumption.
  • Solid economic momentum likely will persist ahead, but a softening labour market is a threat.
  • Colombia’s job market is improving, and 2025 will be solid, as Mr. Petro’s presidency nears its end.

Andrés Abadía (Chief LatAm Economist)Latin America

4 March 2025 LatAm Monitor Argentina's economy rebounding under Mr. Milei's leadership

  • Mr. Milei has achieved the ‘miracle’ of macro stabilisation without wrecking Argentina’s economy.
  • The sectoral performance highlights strength in agriculture, mining and retail; construction lags behind.
  • Peru’s disinflation is continuing, still within the central bank’s target range amid external uncertainty.

Andrés Abadía (Chief LatAm Economist)Latin America

3 March 2025 LatAm Monitor Brazil's labour market still resilient, but not for long

  • Brazil’s labour market remained resilient in January, at face value, but is showing some signs of cooling.
  • The current account deficit increased in January, but the underlying picture remains benign.
  • Foreign investment beat expectations, despite a difficult external and domestic backdrop.

Andrés Abadía (Chief LatAm Economist)Latin America

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independent macro research, Pantheon Macro, Pantheon Macroeconomics, independent research, ian shepherdson, economic intelligence