Latin America Publications
Below is a list of our Latin America Publications for the last 6 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.
labour
- Retail sales in Mexico fell for a second consecutive month in September, hit by still-high inflation.
- Tighter financial conditions are also helping to put the sector under renewed strain.
- Still-solid remittances from abroad, and a resilient labour market, will prevent a collapse, for now.
Andres Abadia (Senior International Economist)Latin America
- Brazil’s retail sector was under strain in Q3, due to high inflation and increased interest rates.
- The labour market remains robust for now, but the near-term outlook is deteriorating.
- Consumer confidence in Colombia remain resilient, but high inflation and high political risk will hurt soon.
Andres Abadia (Senior International Economist)Latin America
- Brazil’s COPOM ends the tightening cycle, as inflation is finally cooling, thanks mainly to tax cuts...
- ...But it was a split and hawkish decision, and rate cuts won’t be on the table anytime soon.
- Inflation pressures persist in Mexico, particularly at the core level, but not for much longer.
Andres Abadia (Senior International Economist)Latin America
- Brazil’s economic growth was stronger-than-expected in early July, which will disquiet the COPOM...
- ...But still-high inflation and political uncertainty are already weighing on consumers’ spending.
- Argentinians will soon face triple-digit inflation, driven by rising input costs and the ARS sell-off.
Andres Abadia (Senior International Economist)Latin America
- Brazil’s services sector continues to fire on all cylinders, despite the squeeze on real incomes.
- Tax cuts and additional fiscal aid to households suggest that private consumption will remain solid in H2.
- Consumer confidence continues to rebound in Colombia, despite the COP’s sell-off and high inflation.
Andres Abadia (Senior International Economist)Latin America
- Inflation in Mexico rose in August, meeting expectations, allowing Banxico to hike by 50bp this month.
- The inflation picture remains ugly in Chile, but the recession likely will push it down in Q4.
- The BCCh surprised markets by increasing the main rate by 100bp, but it adopted a neutral bias.
Andres Abadia (Senior International Economist)Latin America
- Inflation in Mexico likely hit a new multi-decade high in August, but likely conditions will improve soon.
- Inflation pressures in Peru are finally easing; the end of the BRCP’s tightening cycle is around the corner.
- Core inflation remains subdued, and a weakening domestic demand will help to push it lower in Q4.
Andres Abadia (Senior International Economist)Latin America
- The full reopening of the economy and further fiscal support have allowed Brazil to enjoy a solid H1.
- The recovery of the job market has also helped, off-setting the drag from high inflation and rates.
- Chile’s economy is in trouble and leading indicators tell a story of depressed conditions in H2.
Andres Abadia (Senior International Economist)Latin America
- Chile’s labour market is under renewed strain and survey data point to a challenging H2...
- ...High inflation, tighter financial conditions, increased interest rates, and elevated political risks are drags.
- Chileans will vote on Sunday on a new constitution, but uncertainty will persist regardless.
Andres Abadia (Senior International Economist)Latin America
