Report
LatAm: Measuring The Commodity Price Shock
Commodities prices have increased around 80% since June of 2021 on the back of the global economy recovering from the Covid shock. In fact, commodities prices have continued to increase this year, surging almost 10% year-to-date. Adjusted by the US CPI, the commodity price index (CRB) is at the highest level since 2012. We argue that the commodity shock could last several quarters. LatAm is uniquely positioned to take advantage of the commodity shock as the region is a net exporter of commodities. However, LatAm will not escape the impact of high commodity prices entirely as domestic inflations will remain high for the remainder of the year. The purpose of this note is to measure the impact of commodity prices on LatAm's growth and to rank the impact of the shock on the six major economies of the region: Argentina, Brazil, Chile, Colombia, Mexico, and Peru.
Provider
Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Benito Berber
Other Reports from Natixis
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.