Economic Snapshot for Latin America
September 14, 2022
Economic Growth
Regional growth will soften this year and next on high inflation, tighter monetary policy and weaker momentum abroad. However, recovering tourist inflows, the fading pandemic and high commodity prices by historical standards will provide support. Faster-than-expected monetary tightening, a slowdown in key export market China and sociopolitical unrest are risks.
Inflation Outlook
Regional inflation dipped to 15.7% in August from 16.0% in July. Weaker currencies, high commodity prices and de-anchored expectations in some countries will keep inflation elevated this year and next, despite higher interest rates and government subsidies. Currency outflows, extreme weather and potential extra government cost-of-living support pose risks to the outlook.
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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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Argentina: Consumer confidence rises in September
October 3, 2022
The Universidad Torcuato di Tella (UTDT) consumer confidence index increased to 37.2 in September from 37.0 in August.
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Argentina: GDP growth improves in Q2
September 28, 2022
GDP growth gathered momentum to 6.9% year on year in the second quarter, from 6.0% in the first quarter. Fixed investment growth improved to 18.8% in Q2, from a 10.6% increase in the prior quarter.
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Argentina: Economic activity growth slows in July
September 28, 2022
The monthly indicator for economic activity (EMAE) rose 5.6% year on year in July (June: +6.9% yoy).
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Mexico: Merchandise exports gain steam in August
September 27, 2022
Merchandise exports jumped 25.2% year-on-year in August, following July’s 13.6% upturn.
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Argentina: Merchandise exports decrease in August
September 22, 2022
Merchandise exports declined 6.9% in annual terms in August, contrasting July’s 7.6% increase.
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