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October 27, 2021

Argentina Economic Outlook. Fourth Quarter 2021

We raised our GDP growth forecast for 2021 to 7.5%, but we do not expect a dynamic performance in the coming two years (average annual growth: 2%). The key question is whether that will be a result of the correction of imbalances or due to a postponement of them. An agreement with the IMF would shed light on this issue.

July 27, 2021

Argentina Economic Outlook. Third Quarter 2021

We adjusted our 2021 economic growth forecast from 7% to 6.5%. This year will be notably marked by the midterm elections. The macroeconomic performance of Argentina during the coming years will be defined crucially by the characteristics of the agreement with the IMF, which would take place in 1Q22.

April 22, 2021

Colombia Economic Outlook. Second quarter 2021

In 2021 and 2022, economic growth for Colombia will benefit from the improvement in the global dynamic and the internal recovery, despite of the negative impact of lockdowns and the fiscal reform. Inflation will gradually converge towards its target, allowing the Central Bank to maintain an expansionary monetary policy.

January 25, 2021

Argentina Economic Outlook. First quarter 2021

The COVID-19 pandemic hit Argentina's economy hard, which is in its third consecutive year of recession. With the second wave of contagion in sight, the government is negotiating a new program with the IMF that could be crucial for the country's sustainable growth.

January 21, 2021

Peru Economic Outlook. First Quarter 2021

The Peruvian economy will grow around 10% in 2021, largely due to a “rebound effect”, but also supported by the favourable external environment and despite both regulatory and electoral uncertainty. In 2022, when the local vaccination process has been broadly deployed, an expansion of 4.5% is expected.
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January 21, 2021

Colombia Economic Outlook. First quarter 2021

The Colombian economy starts its recovery process from the second half of 2020. It will grow 4.8% in 2021 and 3.8% in 2022 boosted by private consumption and investment. Inflation will gradually return to its target in 2021 and the Central Bank will hold rates at low levels during 2021.

January 4, 2021

Mexico | Dependence on remittances will reach 3.8% of GDP in 2020

In November 2020, 3,381 million dollars entered by remittances (+ 15.6%). The U.S. economic stimulus that have also benefited Mexicans, the sending of remittances from cross-border workers and commuters, and the appreciation of the dollar against the peso, are factors that explain the increase in remittances in 2020.

October 21, 2020

Colombia Economic Outlook. Fourth Quarter 2020

The world will contract 2.9% in 2020 and rebound 5.4% in 2021. Colombia, after a contraction of 7.5% in 2020, will grow 5.5% in 2021. Private consumption and housing investment will lead the recovery. The economic policy will be key to consolidate the recovery and return to a poverty and informality improvement path.