Latam 8 November 16

LATAM8 Brief  Reports

 

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Latam 8 November 16

After a tough year of stagflation the government maintains a positive image. The UTDT index of confidence in the goverment is at 53%, still a reasonable figure though lower than the 63% record-high it enjoyed early this year.  The government has been successful in passing laws in Congress, we no expect approval of several core laws such as  an Income Tax amendment andCapital Markets reform. In preparation for the mid-term elections, the opposition and the unions are likely to take a tougher stance.