(Bloomberg) Mexico, Chile and Peru are all expected to hold their key interest rates near or at all-time lows in a bid to support their economies even as inflation spikes and political instability grows in Latin America.
MEXICO CITY, May 26 (Xinhua) Mexico gross domestic product (GDP) fell 3.6 percent in the first quarter of 2021 year on year, the National Institute of Statis
(Bloomberg) Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.Analysts from Goldman Sachs & Co. to Barclays Capital Inc. see Mexico’s economy growing faster this year after a better-than-expected first quarter bolstered by strong U.S. demand and the services sector.Barclays on Wednesday boosted its 2021 growth projection to 6% from 5%, while Goldman Sachs increased its forecast to 5.9% from 5.3%. The economy will return to pre-pandemic levels in the third quarter of next year, Barclays’ chief Latin America economist Marco Oviedo said.Gross domestic product rose 0.8% in the first three months of 2021 compared to the previous quarter, according to final data from the national statistics agency released earlier in the day. The agency’s preliminary GDP estimate in April put growth at 0.4%, while economists surveyed by Bloomberg expected a 0.7% rise.Economic activity in March rose 0.75% from a year prior, the biggest
2021-05-26 22:05:58 GMT2021-05-27 06:05:58(Beijing Time) Xinhua English
MEXICO CITY, May 26 (Xinhua) Mexico s gross domestic product (GDP) fell 3.6 percent in the first quarter of 2021 year on year, the National Institute of Statistics and Geography (Inegi) said on Wednesday, revising its initial estimate of a 3.8 percent drop.
According to a breakdown by economic segments, the services sector plummeted 4 percent between January and March of this year compared to the same period of 2020, when the novel coronavirus disease first emerged in Mexico.
Industrial activity, which is closely linked to the United States, fell 2.7 percent in the first quarter year on year, according to Inegi s revised figures.
Latin American Central Bankers Stung by Food Inflation Jump
Maria Eloisa Capurro and Max de Haldevang, Bloomberg News BC-Latin-American-Central-Bankers-Stung-by-Food-Inflation-Jump , Maria Eloisa Capurro and Max de Haldevang
(Bloomberg) Central bankers in Mexico and Chile are facing above-target annual inflation and temporary food cost jumps ahead of their monetary policy meetings next week.
Consumer prices in both countries rose more than expected in April, as staple goods such as tomatoes and avocados surged in Mexico while bread and cereals did the same in Chile, according to government data published Friday. Data released earlier this week also showed food costs driving Colombiaâs inflation.