LatAm Daily | In Brazil despite the surprise in industry we expect 2Q15 GDP to contract
Published on Friday, July 3, 2015 | Updated on Friday, July 3, 2015
LatAm Daily | In Brazil despite the surprise in industry we expect 2Q15 GDP to contract
Summary
Following three months of declines, industrial output rose 0.6% MoM in May well above the market consensus. Despite this positive figure, we expect 2Q15 GDP to fall significantly. In Colombia we expect CPI to increase 0.08% MoM due to a slight fall in food prices and electric energy tariffs. As a result, inflation should ease to 4.4% YoY in May.
Geographies
- Geography Tags
- Latin America
- Brazil
- Colombia
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Cecilia Posadas
BBVA Research - Principal Economist
Enestor Dos Santos
BBVA Research - Principal Economist
Jorge Selaive
Juana Téllez
BBVA Research - Chief Economist
Carlos Serrano
BBVA Research - Chief Economist
Hugo Perea
BBVA Research - Chief Economist
Alejandro Faci