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
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Chartbook Datanotes Daily Monitor Andrés Abadía (Chief LatAm Economist)
- In one line: Mexico’s economy outperforms in Q1, but risks loomlarge.
- An agricultural rebound drove headline GDP growth in Mexico in Q1, offsetting weakness elsewhere.
- Services and industrial output fell, suggesting the economy is heavily exposed to shocks.
- Persistent inflation, especially in services, complicates Banxico’s easing path amid deteriorating conditions.
- Brazil — Political and fiscal risks escalating
- Mexico — Stability tested by violence and reform
- Colombia — Mr. Petro’s reform agenda faces headwinds
- Chile’s Q1 GDP beat expectations, led by services and government spending, despite a drag from mining.
- Its external accounts improved in Q1 at the headline level, despite portfolio outflows and income deficits.
- The investment outlook is brighter, given less political risk, but structural issues and uncertainty loom large.
- In one line: Q1 surge driven by agriculture; broader gains show resilience.
- In one line: Q1 growth solid, but momentum set to ease.
- Brazil’s economic activity surged in Q1, driven by agriculture and resilience in industry and services…
- …Momentum is likely to wane as tighter financial conditions and global uncertainty take hold.
- Colombia’s real GDP rose strongly in Q1, thanks to domestic demand, but structural risks persist.
- In one line: Solid start to the year, but risks loom.
- In one line: Retail finishes Q1 strongly, but headwinds still limit momentum.
- Banxico delivered another unanimous 50bp cut, to 8.50%, and pointed to more easing ahead.
- Brazil’s resilient consumption masks mounting pressures from inflation and weak services…
- …Tighter financial conditions are also a drag, but retail and labour data offer cautious optimism.
- Brazil — Receding risk and foreign inflows
- Mexico — Rebounding, but volatility set to continue
- Chile — Boosted by tariff truce and domestic tailwinds
- LatAm will see muted benefit from the tariff rollback, as global demand and prices remain under pressure.
- The temporary truce reduces uncertainty but does not reverse regional capex and confidence headwinds.
- Chile’s disinflation is gaining traction, offering room for further monetary policy normalisation in H2.
- Brazil’s headline inflation is stable, but services and food prices signal still-sticky underlying pressures.
- The COPOM will hold rates steady as inflation risks linger, amid strong demand and volatile food costs.
- Colombia’s inflation accelerated in April, challenging BanRep’s easing plans and credibility.
- In one line: Inflation steady in April, but underlying pressures persist, for now.
- In one line: BCRP resumes easing, citing stable inflation.
- In one line: Underlying pressures remain in check, despite a bad start to Q2.
- In one line: Disinflation resumes, and the near-term outlook remains benign.
- In one line: COPOM slows pace; signals prolonged hold on rates.
- The COPOM signalled a pause to rate hikes amid persistent inflation and emerging economic cooling.
- Balanced inflation risks and global uncertainty drive the BCB’s flexible, data-dependent approach.
- We see the end of the tightening cycle, with potential rate cuts delayed until late Q4 or early 2026.
- In one line: A solid end to Q1, but downside risks prevail.
