LatAm: a faster recovery

- "The recovery is gaining speed as the news arriving from the region continues to remain positive. Very significant are the raised debt rating for Argentina by Fitch, the take-up of Colombian bonds and good economic indicators in Colombia, Mexico and Peru. There are some signs of a slowdown in Brazil after high growth in the first quarter of this year. The official interest rate was increased in Chile, but continue to be very expansionary."
- "The equity markets are going up again, and we expect the same to happen in the foreign currency market. Most of the share indexes in the zone are reacting positively to the corporate results from the USA and of a reduction in the risk premium. Currencies reacted to factors in the cycle, which we expect to be corrected shortly."
BBVA Latin Weekly Observatory 20100716

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