Below Consensus Latam Growth, Eurozone Inflation
Country Risk / Latin America / Wed 18 Jul, 2018
In Latin America, our growth forecasts are below consensus in a number of economies, including Bolivia, Brazil, Ecuador, Guatemala and Uruguay. The downward revision to our forecast Brazilian real GDP growth rate from 2.5% y-o-y to 1.6% puts us below Bloomberg consensus of 1.8%. The shift reflects lingering investor uncertainty over the upcoming