Latam Daily | Brazil’s Inflation surprises to the upside and activity to the downside
Published on Monday, June 22, 2015 | Updated on Monday, June 22, 2015
Latam Daily | Brazil’s Inflation surprises to the upside and activity to the downside
Summary
The IPCA-15 rose 0.99% MoM in May due to an increase in food and administered prices. Meanwhile, activity declined in April more than expected and we now forecast a drop in GDP of around 1% in 2Q15. In Mexico, the breakdown of 1Q15 GDP by components showed that exports of goods and services contributed the most to the growth, followed by private and public consumption.
Geographies
- Geography Tags
- Latin America
- Brazil
- 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
Documents and files
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