Our Latin America Economics Chart Pack has been updated with the latest data and our analysis of recent developments.
The recent soft batch of activity data across many parts of Latin America is likely to continue and GDP growth will come in below consensus expectations in the region’s major economies over 2027-28. With inflation set to remain above target for some time, we think central banks in Mexico and Peru are still likely to hike interest rates. By contrast, given how high real interest rates are, we think interest rate cuts are on the cards in Colombia and Brazil next year.
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