GLOBAL ECONOMICS | LATAM WEEKLY September 20, 2020 Latam Weekly: A Lost Decade? CONTACTS Brett House, VP & Deputy Chief Economist 416.863.7463 FORECAST UPDATES Scotiabank Economics
[email protected] • We now anticipate the end of easing cycles across Latam, with updates to our expected terminal monetary policy rates in Brazil and Colombia. TABLE OF CONTENTS ECONOMIC OVERVIEW Forecast Updates 2–4 • Previews of monetary policy decisions this week in Mexico and Economic Overview 5–9 Colombia are provided and we assess claims that another “lost decade” Markets Report 10–12 is looming in Latam. Country Updates 13–18 MARKETS REPORT Key Economic Charts 19–20 Key Market Charts 21–24 • We look to the macroeconomic frameworks that have been published so Market Events & Indicators 25–26 far by national authorities to get a sense of what new government debt issuance could look like in 2021. THIS WEEK’S CONTRIBUTORS: COUNTRY UPDATES Jorge Selaive, Chief Economist, Chile 56.2.2939.1092 (Chile) • Concise analysis of recent events and guides to the fortnight ahead in the
[email protected] Latam-6: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. Carlos Muñoz, Senior Economist MARKET EVENTS & INDICATORS 56.2.2619.6848 (Chile)
[email protected] • Risk calendar with selected highlights for the period September 20– Sergio Olarte, Head Economist, Colombia October 2 across our six major Latam economies. 57.1.745.6300 (Colombia)
[email protected] Jackeline Piraján, Economist 57.1.745.6300 (Colombia)
[email protected]