Special Report
Sovereigns Dashboard: Latin America Economic Growth Revisions Tilt Upward
Thu 13 Jul, 2023 - 5:40 AM ET
ֳ’ new economic projections for Latin America, published in its June 2023 Sovereign Data Comparator, signal a continuing trend of resilience for many. We revised up growth for most of the region’s largest economies, notably Brazil and Mexico, while downward revisions were fewer and idiosyncratic in nature. This implies stronger 1.7% regional growth versus 0.9% previously, but ֳ still expects Latin America to go back to being the emerging-market (EM) laggard in 2024-2025. Upward Revisions for Large Economies: We raised our 2023 growth projection for Brazil to 2.3% from 0.7% after a strong 1Q23 GDP print that mainly captured a bumper agricultural harvest.