Economy

BMI View: Venezuela's real GDP growth of 4.5% y-o-y in Q111 surprised to the upside, but as it was driven by expansionary government policies we believe this pace of growth is unsustainable.... 2011-05-27

BMI View: We expect Bolivia's sovereign credentials to remain solid in 2011, with the debt-to-GDP ratio reaching just 14% in 2010 and international reserves reaching all-time highs.... 2011-05-23

With the result of Peru's presidential election as yet unknown, we assess the likely fiscal impacts of both an Ollanta Humala and a Keiko Fujimori victory. Broadly, we expect deterioration... 2011-05-19

The Peruvian central bank's stock of foreign reserves dropped to US$46.1bn in March after hitting a record high of US$46.3bn in February.

BMI View: Venezuela's foreign exchange reserves came in at US$26.7bn in April, slightly up from the US$26.6bn and US$26.5bn posted in March and February respectively. While elevated... 2011-05-05

A solid current account surplus has allowed Bolivia to increase its international reserves by US$1.2bn to US$9.7bn (US$7.9bn ex. gold) — equivalent to 18 months of import cover —... 2011-05-05

BMI View: While unemployment in Colombia fluctuates with the seasons, we continue to believe that it will head lower over the coming quarters, as strong levels of economic activity... 2011-05-05

BMI View: While Ecuador posted its first monthly trade surplus since April 2010 in February to the tune of US$95mn, following a US$91mn deficit posted in January, the increase was not... 2011-05-04

BMI View: Bolivia's external accounts performed strongly in 2010 and should continue to be underpinned by high commodity prices in the medium term. However, falling production... 2011-04-19

BMI View: We have revised Ecuador's medium-term economic outlook to the upside, as we expect increased levels of private consumption and gross fixed capital formation to drive expansion... 2011-04-18