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November 23, 2018

Mexico | Five social & labour programmes from the 2nd consultation would cost 0.85% of GDP

Although the consultation indicates that the new refinery in Dos Bocas will cost 50 billion pesos (0.22% of GDP), we consider that it refers only to the first stage, since the incoming Secretary of Energy, Rocío Nahle, estimated that it would cost 160 billion pesos (0.69% of GDP) and would be completed in 3 years.

August 29, 2014

Public-sector budget to be 12% higher next year in Peru: additional social spending announ…

Today we expect Brazil GDP for 2Q14 to remain at 0.1% QoQ although with a downward bias. We are also expecting activity data from Chile where a weak print would not be a surprise