Economy

Industrial production growth in Chile has fallen significantly in recent months, with the August contraction of 3.1% y-o-y the largest since 2002. While we see potential for industrial... 2008-10-03

The strong performance of the Argentine export sector and sharp reduction in imports in August puts our US$10.4bn (3.3% of GDP) 2008 trade surplus forecast at risk of being overshot.... 2008-10-01

The rate of growth of the Uruguayan economy has surprised to the upside in H108, prompting BMI to raise its real GDP growth forecast to 9.6% for this year. While lower commodity... 2008-09-19

We believe that the Paraguayan balance of payments should remain in fairly good shape over the coming years, although the strength of the guarani should begin to weigh on the trade... 2008-09-19

We are expecting to see Argentine inflation to remain elevated over the coming years despite the anticipated slowdown in economic activity. Structural shortcomings in the economy... 2008-09-09

Several economic activity indicators are suggesting that the Argentine economy is in the midst of a slowdown. Industrial production

The August inflation figure suggests to us that the inflation outlook in Paraguay is beginning to improve. The headline CPI figure fell to 10.4% y-o-y from 10.

We see a continued deterioration in Uruguay's trade balance this year, after rapidly rising import growth saw the overall trade balance slip into a US$1.57bn deficit during the first... 2008-09-09

Despite lower food price inflation in August, we caution that Chile's inflationary outlook continues to deteriorate. Still rising wholesale and producer price inflation threaten to... 2008-09-09

Chile posted a current account deficit in Q208, the first shortfall since Q305, bringing the year-to-date current account to a US$114mn deficit, on the back of a narrowing merchandise... 2008-09-09