Global Economics Monthly Review
June 3, 2018
The recovery in the Latin American economy is expected to continue in 2018, but it may be accompanied by major risks including: the increase in uncertainty surrounding US trade policy; domestic political risks, mainly due to the uncertainty surrounding the elections in Mexico and Brazil; the political and economic crisis in Venezuela; and an increase in the US interest rate expectations, which caused to significant depreciations in some of the fundamentally-weak economies, such as Argentina and Brazil. Moreover, the recently released inflation data have surprised to the downside in some of the major economies. Due to the inflation trends and the increase in risks, we expect a more dovish stance among some of the central banks.
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