Research Briefing | May 27, 2021

LATAM | Recovery Tracker slows on Argentine, Chilean travails

Recovery Tracker slows on Argentine, Chilean travails - iPad

Our Latin America Recovery Tracker (LART) rose 0.5pts during the week ending May 21 – a considerable slowing after the 3.6pt gain in the previous week. Sharp contractions in Argentina and Chile partially offset gains elsewhere.

What you will learn:

  • Brazil and Mexico are neck-and-neck in the race to return to pre-pandemic activity levels, outpacing the regional average. Colombia is third, after catching up to the regional average, and Peru surpassed Argentina. Chile remains last.
  • Mobility receded in Argentina, Chile, and marginally in Brazil. Meanwhile, the Covid death toll in Argentina, Colombia, and Peru rose. Across the region, only Mexico seems to have the third wave well under control.
  • Except for Argentina, most governments are easing restrictions – even if marginally – as the third wave of infections slows. 

Back to Resource Hub

Related Services

Post

Finland’s growth forecast cut amid weak confidence and soaring inflation

We have lowered our 2022 GDP growth forecast for Finland to 1.5% from 1.7% last month, as weakening confidence further dampens the outlook. We expect inflation to peak higher with a greater passthrough to core prices, squeezing real incomes and denting consumption. Russia has accounted for almost 10% of Finland's goods trade, among the highest in Europe.

Find Out More

Post

Why we see eurozone inflation slowing sharply next year

We have revised our 2022 eurozone inflation forecasts sharply higher, to 6.0%, since the start of the Ukraine war, as energy and food prices began to soar and new supply bottlenecks emerged. That said, we still see inflation decelerating sharply to 1.3% in 2023, putting us below consensus. While we recognise significant risks to our views, inflation should slow to below 2% in H2 2023.

Find Out More