Latin America Economics Update Mexican Q1 GDP disappoints The pick-up in annual GDP growth in Mexico in Q1 masks the fact that in q/q terms the economy slowed fairly sharply. With the current pace of manufacturing growth set to ease later in the year as... 19th May 2011 · 1 min read
Latin America Economics Update Rising inflation to test BANXICO's nerve The pick-up in Mexican inflation last month was due almost entirely to a rise in food prices. By contrast, core inflation remains more subdued. The lagged effects of higher global commodity prices are... 9th May 2011 · 1 min read
Latin America Chart Pack Rising inflation pushes 'currency wars' to the backburner The past month has brought further evidence of rising inflation in Latin America. For the most part, this is still being driven by higher food and energy prices, which in turn are a reflection of the... 27th April 2011 · 1 min read
Latin America Economics Update Mexican manufacturers buoyed by demand from the US The increase in the Mexican IMEF manufacturing index last month suggests that the industrial sector has continued to benefit from stronger demand in the US. But while the Mexican industrial sector... 5th April 2011 · 1 min read
Latin America Economics Update Is BANXICO preparing to hike interest rates? The minutes from this month’s interest rate setting meeting in Mexico, released earlier today, were unambiguously hawkish. But while the chances of an interest rate rise in the next few months have... 18th March 2011 · 1 min read
Latin America Economic Outlook The return of inflation? The growth outlook for Latin America remains good but inflation looks set to accelerate over the coming quarters. Further policy tightening is likely in most countries, although in most cases the... 16th March 2011 · 1 min read
Latin America Economics Update Mexico's job recovery yet to feed into higher wages Mexico’s labour market is on the mend. But while employment has picked up and the quality of new jobs seems to be improving, this has yet to translate into a pick-up in pay growth. 10th March 2011 · 1 min read
Latin America Economics Update Nudging up our forecasts for Mexican growth Mexico’s Q4 GDP data (released this afternoon) were stronger than expected. With renewed fiscal stimulus in the US likely to give a further boost to the recovery over the coming quarters, we are... 21st February 2011 · 1 min read
Latin America Economics Update Is Mexican manufacturing bucking the trend? The drop in Mexico’s IMEF Manufacturing Index last month stands in stark contrast to the recent strength of industrial surveys elsewhere in the world, notably the US. The good news is that the... 4th February 2011 · 1 min read
Latin America Economics Update Interest rate hikes remain a distant prospect in Mexico As expected, the Central Bank of Mexico (BANXICO) held interest rates at 4.5% this afternoon. Speculation is mounting that rising food prices could trigger a rate hike over the coming months but the... 21st January 2011 · 1 min read
Latin America Economics Update Mexico: Outlook improving, but still lagging behind We are revising up our forecast for Mexican GDP growth this year. With consumer demand recovering more strongly than we had originally anticipated and the neighbouring US economy set to receive a... 10th January 2011 · 1 min read
Latin America Chart Pack Growth to stay strong in 2011 but imbalances will widen The outlook for Latin America in 2011 is, on the whole, pretty good. We expect almost all countries in the region to grow at around their potential rates next year. But while there are few concerns... 21st December 2010 · 1 min read
Latin America Economics Update Could the next move in Brazilian rates be down? The incoming administration in Brazil has a historic opportunity to re-balance the policy mix in favour of tighter fiscal policy and looser monetary policy (and a weaker currency). What’s more, there... 16th December 2010 · 1 min read
Latin America Economic Outlook Outlook good but testing times lie ahead The outlook for Latin America remains good and, while the developed world will struggle to grow by 2% next year, we expect the region as a whole to grow by 4%. Brazil, Chile, Peru and Colombia will... 14th December 2010 · 1 min read
Latin America Economics Update Currency concerns to temper rate hikes Strong capital inflows continue to create something of a headache for policymakers in Latin America. On the one hand, growth should remain strong over the coming quarters, while the inflation outlook... 29th November 2010 · 1 min read
Latin America Economics Update Mexico still lagging behind the rest of the region Third quarter GDP data from Mexico were weaker than even we had expected. The economy will probably expand by an eye-catching 5% over the course of this year as a whole, but this has been flattered by... 22nd November 2010 · 1 min read
