Economic Snapshot for Latin America
June 16, 2022
GDP growth will slow in 2022
Regional growth will ease notably this year, as elevated inflation and interest rates dampen domestic demand. However, the receding impact of the pandemic, returning tourism flows and sky-high prices for key agricultural and energy commodities will provide support. Currency outflows, lockdowns in China, new Covid-19 variants and sociopolitical unrest are risks.
Inflation to remain high in 2022
Regional inflation was stable at 14.5% in May. High commodity prices and de-anchored expectations in some countries will keep inflation in the double digits this year, despite tighter monetary conditions and steps taken in several countries to limit prices. Currency depreciation, extreme weather events and further government measures to tame prices pose risks.
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5 years of Latin America economic forecasts for more than 30 economic indicators.
Latin America Economic News
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Peru: Economic activity growth dips in April
June 20, 2022
Economic activity increased 3.7% compared to the same month a year earlier in April, which was a deterioration from March's 3.8% increase.
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Argentina: Inflation comes in at highest level since our records began
June 15, 2022
Consumer prices rose 5.05% over the previous month in May, moderating from April's 6.05% increase.
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Colombia: Hernández and Petro to face off in second-round runoff
June 14, 2022
As expected, left-winger Gustavo Petro triumphed in the first round of presidential elections held on 29 May.
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Peru: Merchandise exports grow at a more moderate pace in April
June 13, 2022
Merchandise exports grew 12.0% over the same month last year in April (March: +26.3% year-on-year).
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Brazil: Retail sales growth slows in April
June 10, 2022
Retail sales expanded 0.9% month-on-month in seasonally-adjusted terms in April (March: +1.4% mom).
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