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)
- Brazil —US tariffs rattle the outlook
- Mexico — Tariffs test Ms. Sheinbaum’s resolve
- Chile — Bracing for copper tariffs
- US - Immigration probably will continue to add meaningfully to labor supply
- EUROZONE - A 30% US tariff would send the EZ economy into recession in H2
- UK - Consumer spending to be supported by solid income growth
- CHINA+ - China’s ‘glass half-full’ money and credit data
- EM ASIA - BNM more worried about GDP growth than we expectedEM ASIA -
- LATAM - Brazil’s recovery stalls as financial and external headwinds mount
- Disinflation is accelerating in Argentina, with headline and core prices reaching multi-year lows in June.
- Tight fiscal and monetary policy continue to anchor expectations, despite the ARS and political noise.
- BCRP held at 4.5%, signalling caution amid global uncertainty and anchored inflation expectations.
- Brazil’s weakness in industry and services highlights the growing drag from tighter financial conditions.
- Mr. Trump’s tariff move threatens exports, investment and already-fragile economic momentum.
- Mexico has also been hit by the tariff noise, but markets are still betting on a negotiated outcome.
- In one line: Recovery stalls as financial headwinds mount.
- In one line: Recovery stalls as financial headwinds mount.
- In one line: Industrial sector stabilises, but outlook remains weak.
- Disinflation resumes in Mexico, but core pressures linger, led by services.
- External weakness weighs on manufacturing, but interest rate cuts offer relief.
- Construction rebounds, but trade tensions and weak US demand are a drag on industrial recovery.
- In one line: Cooling inflation meets new headwinds.
- In one line: Cooling inflation meets new headwinds.
- In one line: Core pressures lingering, but disinflation resumes.
- In one line: Core pressures lingering, but disinflation resumes.
- Brazil’s inflation is stabilising, but the US tariffs shock threatens growth and adds new inflation risks.
- Market reaction has been swift, but fundamentals and carry still support a stable BRL outlook.
- Services inflation remains sticky and disinflation could stall if external strains persist or escalate.
- In one line: Sales extend their slide as headwinds mount.
- In one line: Inflation falls again; BCCh likely to cut rates.
- In one line: Inflation falls again; BCCh likely to cut rates.
- Brazil — New highs, but risks cloud the outlook
- Mexico — Rally cools as policy risks resurface
- Chile — IPSA steadies post-rally, with upside scope
- US - Markets drew the wrong conclusions from June’s labor market data
- EUROZONE - No changes to our forecasts yet, despite delay to US tariff-rate hikes
- UK - Between a rock and a hard place sits fudging the fiscal rules
- CHINA+ - Japan’s wages hit by plunging bonuses, as trade war bites
- EM ASIA - Vietnamese growth to come off the boil in H2 if GDP data turn realistic
- LATAM - Brazil’s manufacturing slumps, but mining shows resilience
- Chile’s CPI drop strengthens the case for a July rate cut, as disinflation in key categories gains traction.
- Fading shocks and a stronger CLP support disinflation; BCCh signals rates are moving towards neutral.
- Colombia’s inflation has fallen below 5%, but sticky services and fiscal noise keep BanRep cautious.
- Mexico’s private consumption showed resilience in early Q2, but high interest rates weigh heavily.
- Capex continues to fall sharply amid trade-policy uncertainty and low business confidence.
- External demand remains the main support for growth, as domestic momentum weakens further.
