Economy
Argentina
After years of unsustainable policies, the decision taken by the Argentine government on July 31 to raise electricity tariffs was certainly step in the right direction. However, we...
2008-08-14Chile
As the general price level in Chile accelerates we are growing less confident that falling international energy prices will be enough to bring down inflation. High levels of money...
2008-08-06Paraguay
The appreciatory pressure on the Paraguayan guarani appears to have abated for the time being, and our PYG4,000/US$ year-end forecast looks to be on target. Looking at the real effective...
2008-08-05Argentina
With the government now facing growing fiscal constrains due to the overturned grains export tax and high wholesale prices, the move to hike electricity tariffs by an average of 25%...
2008-08-05Chile
The outlook for Chile's economy continues to deteriorate. With inflation still topping the government's political agenda, prospects for a fiscal stimulus package remain low. While...
2008-08-04Chile
Chile's central government budget surplus during the second quarter of 2008 narrowed to 1.0% of GDP, from 3.0% in Q108. While government expenditure rose by just 5.5% quarter-on-quarter...
2008-08-04Argentina
While still in surplus, the Argentine trade account is exhibiting a worrying trend. June's US$308mn trade surplus was the lowest since 2001, and lends support to our view that the...
2008-07-30Paraguay
The solid growth momentum of the Paraguayan economy should see real GDP expand by 4.2% this year, and 3.5% in 2009. While high on a historical basis, this will represent a cooling...
2008-07-29Argentina
Thanks to the rapid appreciation of the euro and the Brazilian real, the Argentine peso remains competitive, as measured using the real multilateral exchange rate. However, rising...
2008-07-15Argentina
We held a short-term constructive view on the Argentine peso at the onset of the financial turmoil, arguing that the Banco Central de la República Argentina would use its foreign...
2008-07-08




