LATAM 8 December 26

LATAM8 Brief  Reports

 

Volver a

Volver a : 

LATAM 8 December 26

GDP grew 1.7% in the third quarter s.a. related to Q2 and 5.9% year-on-year. From the demand side, investment showed an increase of 14% (Q3 2022 vs Q3 2021), followed by private consumption with 10.2%. Exports contracted by 4.6%. Considering the supply side, Hotels and restaurants (+37.3%) and Mining (+14.4%) were the sectors with higher increases. However, for their share, the most relevant sectors were Industry (+6.4%) and Commerce (+7.3%). In the last quarter of the year, economic activity has cooled down and we think that 2022 will end with a GDP growth of 5.5%, most of it explained by the statistical carryover. For 2023 we expect that economic activity will stay stagnant.