Brazil’s two macro demons – a rising public debt-to-GDP ratio and inflation – have resurfaced and will worsen over the coming months. Yet, President Lula will pay lip service to fiscal concerns without enacting meaningful cutbacks.…
Non-trivial divergences emerged between mainstream LATAM economies after the 2021 post-pandemic boom. These growth differentials are set to continue across the cyclical horizon. According to our Emerging Markets strategists,…
Our Portfolio Allocation Summary for July 2024.
Mexico has gone from investor darling to massive underperformer within the EM space in the past month. In the eyes of our Emerging Markets Strategy team, the near-term outlook for Mexican risk assets remains poor in absolute…
Non-trivial macro divergences have emerged between mainstream LATAM economies. This report compares and ranks Brazil, Mexico, Colombia, Chile, and Peru based on their business cycle outlook, macro policy stance, external accounts,…
According to BCA Research’s Geopolitical Strategy service, Mexican politics will remain stable and overall supportive for markets. Sheinbaum is a credible policymaker and technocrat whose rhetoric is not as ideological or…
MORENA has once again swept the Mexican election: Claudia Sheinbaum will be president, with little to no constraint in Congress. All in all, Mexican politics will remain stable and overall supportive of markets. In the medium term,…
Our Portfolio Allocation Summary for June 2024.