After having fallen by more than 7% over the past two years, we expect GDP to grow by 0.9% in 2017 and 1.2% in 2018. The approval of a fiscal reform, lower inflation, declining interest rates, among other reasons, should pave the way for a gradual recovery. However, political tensions and failing to approve the needed socia…
Inflation moderation latest publications
The global outlook has improved slightly, especially in emerging Asia. Slowdown of Latam GDP will end in 2016 (-0.9%) in 2016, with a gradual recovery in 2017 (1.8%). Inflation, though still high in South America, continues to abate in most countries. Central banks adopt a more dovish bias, except in Colombia and Mexico.