2027 Will Be a Very Difficult Year
The slowdown in domestic demand is already under way and tends to deepen in 2027, because the factors that drive it (high indebtedness, restrictive interest rates, a polarized...
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The Fiscal Abyss and the Subprime of Interest Rates
The combination of high public debt and high interest rates, prevalent across major economies, tends to raise the probability of financial instability. The risk lies not only in...
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Inflation Won’t Fall Anytime Soon
The labor market is not slack, which suggests that services inflation will remain resilient. The shelter group is starting to be affected by imputed rents (Chart 1), which...
Read moreEmployment and Income Across States and Municipalities: A Snapshot
analysis - Employment and Income Snapshot 25.09.2026Baixar
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US: Resilient Productivity and Contained Labor Costs Support Disinflation
Nonfarm business labor productivity (output per hour) rose 1.4% at an annualized rate in the second quarter of 2026 and 2.2% from the same quarter a year earlier...
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Hyperscalers: How Much Is Too Much?
Just 10 of the most relevant companies among the so-called hyperscalers in the United States are set to invest close to a total of USD 1 trillion in...
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How AI Is Impacting Macroeconomics: The Cases of Taiwan, South Korea, Singapore, Ireland and the Netherlands.
Markets appear increasingly uneasy about the impact of hyperscalers’ outsized demand for resources on long-term interest rates. The challenge seems more significant in the United States than in...
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Latam Ex Brazil – A Favorable Outlook for the Years Ahead
In this report we present assessments and outlooks for the economies of Argentina, Colombia, Chile, Mexico, Paraguay and Peru. For a financial market that is mostly focused on...
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US: Core PPI and Import Prices Reinforce Cost Pressures
Import prices fell 0.4% in July (after -0.3% in June) but are up 5.9% over 12 months. The monthly decline came from fuel (-7.2%, the largest since May...
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