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As the first half of 2023 concludes, several Latin American countries demonstrate notable improvement in managing inflation, with some exceptions. The region’s economic powerhouses, Brazil and Mexico, appear among the ten nations showing the lowest year-on-year inflation. Costa Rica and Panama display negative inflation rates, at -1.04% and -0.6% respectively. Other countries maintaining low inflation […]
Goldman Sachs has started covering Sabesp with a buy recommendation and a target price of R$134.30 ($24.64). This valuation suggests a potential upside of over 50% for the water utility company. Sabesp’s privatization in July 2024 sparked investor interest, with shares initially offered at R$67 while trading at R$83. Three months later, Sabesp’s stock price […]
The International Monetary Fund (IMF) has outlined new targets for Argentina’s international reserves and public spending as part of the fifth and sixth reviews of the Extended Fund Facility (EFF) program. The IMF foresees a 2.5% economic decline and 120% inflation for Argentina by the end of 2023, attributing these figures to a severe drought […]
Venezuela’s inflationary challenges persist as the country’s annualized inflation rate reaches nearly 430 percent, according to the Venezuelan Financial Observatory (OVF). The OVF, an institution composed of economists and experts independent of the Central Bank (BCV), released an estimate indicating an average inflation rate of 399.98 percent for 2023. However, the latest figures reveal a […]