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Latin America will face a context of a moderate world growth recovery and latent global tensions, despite the latter having reduced lately. In addition, social discontent and political tensions present in some countries of the region need to be taken into account.

GDP grew 1.0% in 2017 and should accelerate gradually going forward. We maintain our GDP growth forecasts of 2.1% in 2018 and 3.0% in 2019. Political and fiscal developments will shape the future economic performance; the sustainability of the economic recovery requires the adoption of structural measures to bring the fisca…

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 grad…