- Home >
- Economic Analysis >
- Publications >
- Macro Latam
Macro Latam
< BackMacro outlook remains challenging.
For the version with all charts and tables, please open the attached pdf file
• Minister Guzman downplayed the possibility of an imminent agreement with the IMF.
• International reserves continue to decline due to interventions, payments to multilateral organizations and lower gold prices.
• Recovery of activity was stronger than expected in 3Q20 following the easing of lockdowns. We revised our GDP growth forecast upward for the year to -11%, from -12% in our previous scenario. For 2021, we still expect modest 4.5% growth, as exchange rate controls and a decline in confidence will likely remain a drag on the economy.
João Pedro Bumachar
Juan Carlos Barboza
Diego Ciongo
For the version with all charts and tables, please open the attached pdf file
< Back