LATAMCHARTBOOK RISING TIDE SEPTEMBER2017 EMERGING MARKETS RESEARCH , LATAM MARCELO CARVALHO @MCarvalhoEcon LATAM MACROECONOMIC OUTLOOK: CONTENTSLatin America in the global context3 Brazil: Looking up20 Mexico: Changing gears40 Colombia: Steady as it goes65 Chile: Growth acceleration in the horizon74 Argentina: In recovery mode79 Detailed forecasts86 Page1.Latin America in the global contextGLOBAL: COMPOSITE LEADING INDICATOR (100=LONG-TERM AVG) Global upturn Source: OECD, BNP Paribas.GLOBAL MONETARY POLICY Global monetary policy: gradual removal of accommodation Fed Funds target rate and 2yr Treasury bond yields (%, a.r.) Source: ECB, FED, BoJ, Macrobond, BNP Paribas
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