Recovery Tracker falls after setbacks in Brazil and Chile
Our Latin America Recovery Tracker (LART) fell slightly (-0.7pts) during the week ending June 18, following two consecutive weekly gains. Setbacks in Brazil and Chile more than offset modest improvements elsewhere.
What you will learn:
- Despite the week’s drop, Brazil remains the leader in the race to pre-pandemic activity levels as of mid-June, which is confirmed by our forecast that Q2 GDP will be marginally bigger than it was in Q4 2019.
- Although health conditions haven’t improved substantially and the third wave remains uncontrolled in most countries, authorities have refrained from imposing strict restrictions.
- The key changes to our LART for the week ending June 18 relative to the prior week.
Tags:
Related Services
Post
Food prices to bottom out in 2024, risks skewed to upside
Our baseline forecast is for world food commodity prices to register an annual decline this year, in aggregate, reducing pressure on food retail prices further downstream. However, we believe the risks to this forecast are overwhelmingly skewed to the upside.
Find Out More
Post
Battery raw material prices to recover
Battery raw materials prices bottomed out last quarter and we think a sustained recovery is looming. Midstream EV battery manufacturing activity has picked up again and inventories have returned to historical levels, suggesting upstream demand for raw materials will also bounce back.
Find Out More