Economy

BMI View: We have revised our 2012 central government nominal fiscal deficit forecast for Colombia from 3.1% of GDP to 2.2% of GDP. This is underpinned by a strong outlook for revenue... 2012-02-29

Venezuelan sovereign debt yields have experienced massive compression in recent weeks, which we believe is not justified by the country's macroeconomic and political fundamentals. In... 2012-02-28

BMI View: Despite a relatively solid real GDP growth reading in 2011, we believe Venezuela's current economic trajectory will not be sustained beyond the October 2012 presidential... 2012-02-22

BMI View: Bolivia's fiscal outlook will remain solid in 2012 largely on the back of rising energy sector revenues. However, we continue to highlight that a lack of revenue diversification... 2012-02-17

BMI View: Foreign reserves finished 2011 at US$2.96bn, slightly up from 2010 levels, thanks to stronger energy prices and solid investment from China. However, by our calculations... 2012-02-03

BMI View: Venezuela's foreign reserves levels finished 2011 at US$27bn, a 7% fall from 2010 levels, despite oil prices being close to record highs. Not only was this the lowest nominal... 2012-02-03

BMI View: Colombia's unemployment rate came in at 9.8% in December 2011, representing a slight increase from the previous month and breaking a steady downtrend in place since July 2011.... 2012-02-03

BMI View: Real GDP growth remained strong in Q311, coming in at 5.1%, broadly in line with our end-2011 estimate of 4.5%. However, our concerns over the country's business environment... 2012-02-03

BMI View: Following the Colombian central bank's 25 basis points interest rate hike in late January, we have revised up our end-2012 interest rate forecast from 4.00% to 4.75%.... 2012-02-01

BMI View: We are revising up our forecast for real GDP growth in 2012 from 4.5% to 4.7%, as we believe economic growth will remain strong into H112. Growth will be driven by private... 2012-01-12