By Bertrand Delgado and Juan Lorenzo Maldonado
Jun 18, 2010
| Last Updated
EXECUTIVE SUMMARY
This week, Brazil will report May inflation which should continue to ease, dragged by sharply lower food prices. The current account deficit should also show an improvement, on the back of a stronger merchandise trade surplus. In Mexico, both headline and core inflation should remain below the temporary target range, as seasonal factors, a strong currency and the output gap helped keep inflation contained. Regarding domestic demand, private consumption is likely to provide its first positive reading, while investment will probably remain in negative territory.[...]
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