Latin American Private Consumption: No Major Upside This Year

We forecast real private consumption growth to remain subdued throughout 2014 in most of Latin America, as ongoing global rebalancing dynamics continue to drive currency and labour market weakness. The exceptions are Mexico and Colombia, where we forecast real private consumption to accelerate steadily in the next few years due to declining unemployment and more favourable exchange rates. This podcast features Elijah Oliveros-Rosen, from BMI's Latin America Country Risk team, discussing his views on regional consumption.