Macro Latam
< Voltar
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• Activity showed a strong rebound in the second half of the year, after the drought that affected the economy in 1H19. We adjusted our growth forecast for this year to zero growth, from -1% previously.
• We estimate inflation at 2.8% for 2019, and we do not expect changes in the interest rate, currently at 4%, during the last meeting of the year.
• The expansive fiscal policy carried out by the government to reduce the effects of the drought on the activity led to an increase in the deficit. We forecast a deficit of 2.8% of GDP this year.
Juan Carlos Barboza
Diego Ciongo
For the full version with all charts and tables, please open the attached pdf file.