We don't know who is going to win the elections. But we do know that the legacy of problems for the next government has not stopped getting worse in recent weeks. This week's measures are more fuel...
LATAM 8 March 29
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LATAM 8 March 29
The economy grew 5.2% in 2022, mostly driven by 2021’s statistical carryover. Investment displayed the highest growth rate (10.9% y/y), followed by private consumption (9.4%). Exports increased by 5.8% and public consumption by 1.8%. From the supply side, Hotels and restaurants had the best performance growing 35% while Agriculture and livestock appears at the bottom of the list with a fall of 4.1%. Economic activity rebounded 0.3% m/m in January, cutting a streak of 4 monthly drops. But due to the worsening of the drought and all the spillovers of that on sectors such as transport, fuel, and consumption, we reduced our GDP growth forecast to -4.5% for 2023.
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