Economy

BMI View:Argentina continued to show strong resilience to global headwinds in Q311, as its GDP grew by 9.1% y-o-y. While we see significant upside risk to our GDP growth forecast of... 2012-01-09

BMI View: Paraguay's consumer price index came in at 4.9% y-o-y in December, just below the 5.0% level targeted by the central bank. While the December reading surprised to the downside,... 2012-01-09

We expect the Banco Central del Uruguay (BCU) will hold its monetary policy rate at 8.75% in 2012, following its decision to hike by 75 basis points (bps) in its last policy meeting... 2012-01-06

BMI View: The 2012 macroeconomic outlook for Latin America and the Caribbean region will be dominated by slower, but resilient domestic demand growth, supported by monetary and fiscal... 2011-12-15

BMI View: Despite the Argentine economy's strong resilience to global headwinds in 2011, we reiterate our view that growth is set for a slowdown in 2012, due to a drag from net exports... 2011-12-08

BMI View: Consumer price inflation declined by 0.8% m-o-m in October, bringing the y-o-y increase for the same month down to 6.2% from 9.4% in September. Much of the October decline... 2011-11-24

BMI View: After strengthening against the U.S. dollar in October, the Chilean peso returned on sharp depreciatory trend in November, losing almost 7.0% of its value since the beginning... 2011-11-24

BMI View: Argentina's foreign exchange reserves declined for the third consecutive month in October to US$47.5bn, down by 8.5% y-o-y and by 2.2% m-o-m. Given the government's plan... 2011-11-24

BMI View: Consumer price inflation accelerated slightly in October, coming in at 0.7% m-o-m and 7.9% y-o-y, prompting us to upwardly revise our forecast for end-2011 to 7.5% from 6.0%... 2011-11-24

BMI View We have revised down our current account forecasts for 2011 to a deficit of 0.4% of GDP from a surplus of 0.2% previously, and for 2012 to a deficit of 0.3% from -0.1% previously,... 2011-11-17