International inflation remains high but with a slowing trend. In the US, the behavior of high inflation is more persistent than initially expected and is far from the target. In this context, a...
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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 No hay doble dígito, por ahora. Los datos de mayo no nos muestran que haya doble dígito por ahora. Es cierto que el mercado en los últimos dos meses subestimó la inflación y quizás por eso ahora... |