LatAm Daily | In Brazil, inflation rebounded more than expected at the beginning of May
Published on Monday, May 23, 2016
LatAm Daily | In Brazil, inflation rebounded more than expected at the beginning of May
Summary
May’s IPCA-15 reached 9.6% YoY (0.86% MoM), higher than in April and expectations. This upward surprise shows that our expected deceleration scenario could be slower. The fiscal target has been changed to a deficit of 2.75% of GDP in 2016; the fiscal result will be worse than expected. Mexico’s 1Q16 GDP grew by 0.8%; we expect moderate growth in the coming quarters.
Geographies
- Geography Tags
- Latin America
- Brazil
- Mexico
Topics
- Topic Tags
- Macroeconomic Analysis
Authors
Enestor Dos Santos
BBVA Research - Principal Economist
Lorena Lechuga
Hugo Perea
BBVA Research - Chief Economist
Cecilia Posadas
BBVA Research - Principal Economist
Jorge Selaive
Carlos Serrano
BBVA Research - Chief Economist
Juana Téllez
BBVA Research - Chief Economist
Documents and files
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