Latin America Publications
Below is a list of our Latin America Publications for the last 5 months. If you are looking for reports older than 5 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.
Daily Monitor Datanotes Andrés Abadía (Chief LatAm Economist)
- Agriculture props up Mexico’s GDP, but industrial recession reveals underlying economic fragility.
- US tariffs hit manufacturing hard, while weakening labour data signal sluggish services momentum.
- Monetary easing likely to continue, but tight fiscal space limits scope for meaningful stimulus ahead.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Agricultural rebound masks broad-based weakness.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Consumption resilient amid headwinds, but confidence wavers as external risks build.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: The BCCh holds fire, as global risks intensify.
Andrés Abadía (Chief LatAm Economist)Latin America
- Colombia’s suspension from the IMF’s Flexible Credit Line marks a turning point in its economic trajectory.
- The move is technically temporary, but it reflects deep fiscal vulnerabilities.
- BanRep is likely to hold rates as the FCL suspension raises policy constraints and market pressures.
Andrés Abadía (Chief LatAm Economist)Latin America
- February’s IGAE rebound brought short-term relief but failed to alter Mexico’s waning growth trajectory.
- External trade tensions and domestic political uncertainty continue to weigh heavily on capex.
- Government growth forecasts are disconnected from prevailing conditions, with recession risk high.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Retail momentum softens in February after January’s rebound.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s surprise inflation rebound in early April reflects temporary shocks…
- …Primarily the lagged effect of MXN depreciation, rather than a fundamental shift in the inflation trend.
- Retail sales point to a broader slowdown in domestic demand, despite a better-than-expected Q1.
Andrés Abadía (Chief LatAm Economist)Latin America
- Brazil — Uncertainty and fiscal risks resurfacing
- Mexico — Reforms and trade noise persist
- Colombia — Reform gamble deepens risks
Andrés Abadía (Chief LatAm Economist)Latin America
- Colombia’s economic rebound continues, thanks to falling inflation and resilient services…
- …But other sector performances remain uneven and fragile, and financial volatility poses a growing risk.
- The US–China trade war is a threat to key exports and investment; domestic policy options are narrowing.
Andrés Abadía (Chief LatAm Economist)Latin America
- February’s surge in Mexican industrial output likely reflects temporary front-loading to beat tariff risk.
- Long-term nearshoring prospects clash with short-term volatility and tightening financial conditions.
- Global trade tensions and currency volatility drove BCRP’s decision to hold interest rates steady.
Andrés Abadía (Chief LatAm Economist)Latin America
- Inflation in Brazil exceeded expectations in March, due mainly to food, as weather and supply shocks persist.
- Activity data point to solid momentum, but industrial output is dropping and leading indicators softening.
- Fiscal risk and BRL weakness complicate COPOM’s task, despite signs of inflation pressures easing ahead.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Rising food prices and FX volatility rekindle inflation risks amid slowing domestic demand.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Solid February bounce, but underlying weakness remains
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: On hold amid global uncertainty, but door remains open to cut.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Resilience masks broader risk of a slowdown.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: MXN depreciation clouds the outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s core inflation is contained, allowing Banxico to cut rates despite mounting global trade uncertainty.
- Job creation improved slightly in March, but the Q1 performance signals deeper structural weakness.
- Brazil’s retail resilience faces mounting pressure from labour-market cooling and tight credit.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexican Peso — Exposed to further tariff noise
- Argentinian Peso — Stability or mirage
- Colombian Peso — Under stress from oil and trade shocks
Andrés Abadía (Chief LatAm Economist)Latin America
