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LatAm Weekly
Mexico Not Yet Fueling Its Own Engine
Mar 23, 2010
8:22:00 PM
| Last Updated
EXECUTIVE SUMMARY
In Brazil, inflation expectations remain on a deteriorating path and are likely to stay above the mid-point of the target range even if they settle after peaking in March or April. The current account deficit widened sharply in February alongside strong growth in domestic demand. Meanwhile, economic activity indicators in Mexico verify that the recovery is underway, though U.S. demand is the driving force, rather than domestic factors. In Argentina, however, strong domestic demand is exerting narrowing pressures on the trade surplus, while the government continues to[...]
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