Search results

State taxes rise to cope with recession in Brazil

Location:

BRAZIL

The agency noted the likelihood of a worsening debt position and that 'challenging political dynamics' limit prospects for fiscal reform. Meanwhile, state governments have raised…

Policy splits will worsen Argentina inflation outlook

Location:

ARGENTINA

Though global commodity prices are a factor, inflation started accelerating in late 2021 due to pre-election monetary expansion. The rise has deepened differences between the…

Mexico policy ambiguity may hinder nearshoring

Location:

MEXICO

The investment is expected to amount to at least USD5bn. Its announcement followed tussles with President Andres Manuel Lopez Obrador (AMLO), who had stated that he would not…

Argentine agriculture investments could prove elusive

Location:

ARGENTINA

The outlook for agriculture.

Colombia’s mixed cabinet will not last long

Location:

COLOMBIA

He faces pressure to deliver on ambitious promises regarding systemic reform, economic prosperity, wealth redistribution, environmental conservation and peace. However, his…

Rapid recovery will prove elusive in Argentina

Location:

ARGENTINA

The primary surplus (0.6% of GDP) was driven by a 35% real fall in primary spending, which offset a recession-induced 4.5% drop in revenues. Month-on-month inflation has also…

IMF deal will bring little relief in Argentina

Location:

ARGENTINA

The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…

Colombia’s economy faces sluggish growth in 2024

Location:

COLOMBIA

Expectations for 2024 suggest lower inflation than last year, but risks persist. The OECD forecasts moderate GDP growth, highlighting inflation and interest rate concerns. Minimum…

Inflation adds to Brazil’s multiple economic woes

Location:

BRAZIL

This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…

Contagion concerns worsen Uruguay's economic outlook

Location:

URUGUAY

The Argentine financial crisis and economic downturn are affecting Uruguay at a time when its economy is cooling while popular discontent is rising over the difficulty of finding…