Latin america economic
Mexico and Venezuela will be the only two countries where the investment ratio will adjust downward in
A preliminary estimate for April suggests that inflation rose to 8.
Poor infrastructure, along with shortcomings in the education system, contribute to low productivity and weak external competitiveness.
Next year, analysts see growth at 1.
Council of the Americas
The Latin america economic pension reform made it through an initial first vote at the end of April; however, it still needs to clear multiple hurdles, including a special committee and votes in both houses of parliament.
In Mexico policy uncertainty has increased, while in Brazil a market-friendly agenda has lifted investor sentiment, but a fragmented Congress could block passage of difficult reforms.
A supply-side breakdown of the first quarter confirmed softness in the industrial sector, which struggled—alongside its stateside counterpart—to find its footing through March.
Inflation, however, showed little sign of improvement, soaring in Q1 amid persistent FX pass-through pressures.
The expansion will be driven by further advances in Brazil, Colombia, Peru and Uruguay, followed by a normalization in Chile.
The modest pace of economic expansion in much of Latin America largely reflects structural weaknesses, especially poor productivity.
The critical pension reform made it through an initial first vote at the end of April; however, it still needs to clear multiple hurdles, including a special committee and votes in both houses of parliament.
Inthe region will gain some momentum, benefiting from a more general improvement, with growth trending up along the year.