Economy

We believe that price freezes implemented in Argentina this past February have done little to impact either price growth or public expectations about inflation over the next 12 months.... 2013-05-20

While we expect weakening goods and services balances to widen Uruguay's current account deficit, we believe the financial account will more than cover the shortfall. Indeed, Uruguay... 2013-05-15

In line with our expectations, Argentina's goods trade surplus continues to fall in year-on-year terms. While we believe base effects and a currency devaluation this year will help... 2013-05-13

Paraguay's central bank has recently released a 2013 projection, forecasting 13.0% real GDP growth this year. After contracting by 1.2% in 2012 on the back of both a severe drought... 2013-05-03

Argentina's foreign currency reserves fell to US$39.5bn at the end of April, a 16.7% contraction in year-on-year (y-o-y) terms. Reserves have contracted for 21 months in a row, as pressures... 2013-05-03

Uruguay's consumer price inflation declined to 8.5% year-on-year (y-o-y) in March, down from 8.9% y-o-y the previous month, but still above the central bank's upper target of 6.0%.... 2013-05-03

We expect the broad downtrend in official Latin American unemployment rates to continue over the long term, on the back of relatively strong real GDP growth and continued government... 2013-05-03

Chile's export performance remained sluggish in March, as the country posted a 4.0% year-on-year (y-o-y) contraction in goods exports. Year-to-date, Chile's goods exports have fallen... 2013-05-02

While we see some scope for an uptick in consumer activity in Q113 in Argentina, we maintain that real private consumption will come in at just 0.5% in 2013 after growing by 4.4% in... 2013-04-26

While Uruguay's external debt-to-GDP increased to 42.1% in 2012, we believe this ratio will head lower this year due to relatively strong nominal growth and a narrowing of the nominal... 2013-04-24