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.
Ian Shepherdson (Chief Economist, Chairman and Founder) Andrés Abadía (Chief LatAm Economist)
- Mexico’s economy is showing modest resilience, supported by manufacturing and services.
- Consumption is underpinned by wages and remittances, but capex is weakening amid trade tensions.
- Brazil’s trade surplus is holding up, but industry is deteriorating due to US tariffs and tight policy.
- Growth is steady in Chile, led by resilient services, a mining rebound and capex; net trade is a drag.
- Inflation is easing gradually, but sticky services prices and wage pass-through delay convergence to target.
- The fiscal deficit has widened, and labour market slack and political uncertainty cloud the outlook.
- In one line: Growth slows as capex falls, but services hold up.
- In one line: Growth slows as capex falls, but services hold up.
- Brazilian Real — Resilient, but volatility is persisting
- Mexican Peso — Stable, but capped by external noise
- Colombian Peso — Early rebound before consolidation
- US - August payrolls likely will maintain the pressure for looser Fed policy
- EUROZONE - ECB’s easing cycle is over; risks now tilting to rate hikes, in 2027
- UK - Insolvencies holding steady despite the barrage of headwinds
- CHINA+ - Chinese manufacturers tolerate tariff shifts, but small firms struggle
- EM ASIA - BI’s urgency to cut faster since July in context; expect at least one more
- LATAM - Banxico slows pace of easing as core inflation pressures persist
- Brazil’s Q2 GDP growth slowed sharply, as temporary supports fade and monetary tightening bites.
- Household consumption and services showed resilience, but capex saw renewed weakness.
- Peru’s inflation is firmly anchored, giving BCRP flexibility to balance demand and external uncertainty.
- Inflation in Brazil eased to 5.0% in August, helped by falling food prices and stronger BRL support.
- GDP growth slowed sharply in Q2, as earlier momentum in agriculture, industry and services faded.
- US tariffs and widening external deficits remain risks, keeping the COPOM cautious and Selic rate at 15%.
