Economic Snapshot for Latin America
October 13, 2021
Regional economy to recovery in 2021
Latin America should recover part of 2020’s pandemic-induced output losses this year, thanks to easing restrictions, rebounding external demand and higher commodity prices. That said, the still-troubling Covid-19 situation and a slow vaccine rollout will limit the pace of recovery. Moreover, weak fiscal positions as well as social and political tensions cloud the outlook.
Inflation to rise 2021
Regional inflation came in at 11.1% in September (August: 10.8%), as price pressures intensified in Brazil, Colombia, Mexico, Paraguay and Peru amid faster price increases for food and transport. After this year’s spike, inflation should moderate in 2022 as monetary policy stances tighten, global supply disruptions ease and energy prices moderate.
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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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Brazil: Real tumbles on political tensions and rapid inflation
October 13, 2021
The Brazilian real tumbled against the U.S. dollar in recent weeks, hitting an over five-month low in early October.
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Chile: Consumer confidence rises to two-year high in September
October 11, 2021
Consumer confidence came in at 92.3 in September, up notably from August's 81.6.
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Chile: Inflation comes in at highest level since November 2014 in September
October 8, 2021
Consumer prices rose 1.18% in September over the previous month, picking up from August's 0.36% rise.
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Argentina: Industrial output growth accelerates in August
October 8, 2021
Industrial output rose 13.8% in year-on-year terms in August, which was a stronger expansion than July's 12.5%.
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Brazil: Inflation hits highest level since February 2016 in September
October 8, 2021
Consumer prices rose a seasonally-adjusted 1.16% over the previous month in September, coming in above the 0.87% rise seen in August.
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