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19th Feb 2024 16:37Latin America, Daily Monitor

  • December’s IBC-Br confirmed that activity in Brazil ended Q4 strongly, but with some caveats.
  • Still-elevated real rates are holding back the upturn in private consumption; COPOM will have to cut more.
  • Peru had a poor end to the year, but low inflation and looser monetary conditions will support growth in H1.

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Keywords for: 20 February 2024 LatAm Monitor

Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence