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.
tax cuts
- Brazil — Political chaos will have a limited effect
- Mexico — A solid start to the year
- Peru — Ignoring once again another political crisis
Andres Abadia (Senior International Economist)Latin America
- Colombia’s President had a decent first 100 days in office, with the tax reform as a key achievement...
- ...But conflicting signals, between radicalism and orthodoxy, have hurt and will keep investors on alert.
- BanRep is likely to raise the policy interest rate further, owing to persistent price pressures.
Andres Abadia (Senior International Economist)Latin America
- The market is watching for signs of policy orthodoxy in Brazil as a new economic team is appointed.
- Inflation continues to fall rapidly, thanks chiefly to the lagged effect of tax cuts; will the downtrend continue?
- Retail sales firmed at the end of Q3, thanks mainly to falling inflation and a resilient job market.
Andres Abadia (Senior International Economist)Latin America
- Inflation in Brazil is decelerating rapidly, thanks mainly to the effect of tax and tighter financial conditions.
- Leading indicators suggest that the downtrend will continue over the coming months...
- ...But upside risks remain, which will prevent the COPOM from cutting rates any time 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 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
- 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
