- In one line: Industrial output slumps further; outlook remains weak.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Inflation pressures persist despite economic activity slowing.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Tight financial conditions are a drag.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Core pressures subdued as demand cools.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Disinflation resumes as temporary shocks subside.
Andrés Abadía (Chief LatAm Economist)Latin America
- 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
- In one line: Retail sector remains strong, while industrial sector struggles in January.
Andrés Abadía (Chief LatAm Economist)Latin America
- 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
- In one line: Undershooting expectations, but the outlook remains difficult.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Underlying inflation pressures remain under control.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: A bad end to the year, and downside risks have increased.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Sales stabilised in December but headwinds persist.
Andrés Abadía (Chief LatAm Economist)Latin America
- Mexico’s GDP contracted in Q4, with weak industrial and agricultural sectors driving the decline.
- The IGAE point to a subpar Q1; rising external— trade—uncertainty weighs heavily on growth.
- Banxico faces a tough balancing act, as inflation risks and policy noise cloud its rate-cut decisions.
Andrés Abadía (Chief LatAm Economist)Latin America
- The BCRP held rates steady; economic activity is gathering speed but disinflation is fully on track.
- The Board has left the door open to further cuts, but external risks and inflation remain key factors.
- Argentina’s inflation is slowing as Mr. Milei’s economic policies yield results, despite lingering issues.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: On hold and maintaining a cautious stance.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: An ugly finish to 2024, and Q1 2025 will be difficult.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Under severe strain, and risks are tilted to the downside.
Andrés Abadía (Chief LatAm Economist)Latin America
- In one line: Modest January pressures offer little relief to a challenging inflation outlook.
Andrés Abadía (Chief LatAm Economist)Latin America
