EXECUTIVE SUMMARY
- Argentina
- Lower House approved a diluted version of the omnibus and fiscal bills
- Senate might water them down further
- Economic figures continue posting good numbers, helping for the approval of the 8th revision with the IMF
- But, there is still political resistance
- Chile
- CLP benefitted by copper prices and a hawkish BCCh
- Inflation came better-than-expected, but risks remain
- Positive prospects of growth
- Colombia
- Reforms being discussed in the Congress, but president Petro has challenges to progress on it
- Activity is struggling to recover
- Inflation downward trend keeps BanRep reducing the policy rate
- Mexico
- Presidential election is approaching
- GDP is poisoned to grow
- MXN very sensitive to FED fund rate uncertainty
- Peru
- President Boluarte relatively safe in power against all odds
- Economic growth limited by political uncertainty that affect reforms approval and investments
- Negative rating actions have been taken
