By Bertrand Delgado, Juan Lorenzo Maldonado and Alex Giron
Sep 22, 2010
| Last Updated
EXECUTIVE SUMMARY
In Brazil, inflation and its expectations are rising, and the current account deficit is widening, as expected. Meanwhile, the government stepped up its interventionist presence in the FX markets in order to ease appreciation pressures on the real. In Mexico, July’s real retail sales indicate a poor start for Q3 2010 growth dynamics. In Argentina, over-stimulated domestic demand pushed economic growth to unsustainable rates in Q2 2010 and exerted strong narrowing pressures on the current account surplus. In Colombia, July industrial production crashed while real[...]
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