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21st Feb 2023 16:14Latin America, Daily Monitor

  • Mexican retail sales barely rose in December after Janu- ary’s slump and are odds-on for a quarterly drop in Q1.
  • At least core inflation is set to fall, and relatively supportive remittances from abroad will also help...
  • ...But tighter financial conditions and a slowing labour market will put a lid on spending during H1.

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Keywords for: 22 Feb 2023 LatAm Monitor

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