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ARGENTINA – Against all odds: Confidence in the government edges higher
Confidence in the government rose to 53.3% in November, up from 48.5% in October. According to the Universidad Torcuato Di Tella’s monthly survey, confidence in the government increased by 9.9% MoM in ...
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URUGUAY – Yamandú Orsi was elected president for the next five years
In the presidential runoff election held on Sunday November 24, the candidate of the opposition Frente Amplio Mr. Yamandú Orsi was elected president for the period 2025-2030. The turnout was 89.4%, ...
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PERU – 3Q24 printed above expectations
Activity recovery on track. Peru’s real GDP rose by 3.8% yoy during 3q24, above the Bloomberg consensus and our call (3.2%), up slightly from the 3.6% yoy in the previous quarter. On a sequential ...
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ARGENTINA – Activity expanded sequentially in 3Q24, after contracting in the previous three quarters.
Activity fell in September compared with the previous month, but the previous two months were revised up, leading to strong growth in 3Q24. According to the EMAE (official monthly GDP proxy), economic ...
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ARGENTINA – Another trade surplus in October, but with imports growing faster at the margin
The trade balance reached a surplus of USD 0.9 billion in October, well above the USD 0.4 billion deficit registered in the same month of 2023. The surplus was slightly below market expectations ...
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COLOMBIA – Weaker-than-expected activity in 3Q24
The Colombian economy grew below expectations during the third quarter of the year. Activity increased 2.0% YoY in 3Q24 (+2.1% in 2Q24), below the Bloomberg market consensus of 2.3%, and our 2.5% call ...
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CHILE – Well-financed current account deficit in 3Q24
The current account balance in 3Q24 came in at a deficit of USD 3.1 billion (3.9% of GDP; Itaú: USD 2.8 billion). The deficit was below the USD 5.3 billion deficit of 3Q23 (but larger than the small ...
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CHILE – Activity expectedly rebounded sequentially in 3Q
According to the BCCh's national accounts, Chile’s GDP rose by 2.3% YoY in 3Q24 (1.6% in 2Q24), a tick above the 2.2% performance outlined by the monthly GDP proxy (Imacec). Domestic demand increased ...
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CHILE – Public Finance: An update on the MoF’s dollar sales
All eyes on the MoF. As we have mentioned in previous reports, the MoF has been an active participant in the local foreign exchange spot market in recent years. For context, in March of 2020 the MoF ...
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COLOMBIA – Trade deficit widened in 3Q24
The trade deficit came in at USD 0.7 billion in September, widening USD 0.2 billion over one year. The deficit was slightly below the Bloomberg market consensus and our USD 0.8 billion call. During ...
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Sustainable Finance
This document is a guide that addresses Itaú Unibanco’s green, sustainable and social debt issuances, identifying the categories of use of eligible funds, monitoring indicators, and providing data on ...
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ESG Documents and Policies
The Environmental, Social and Climate Responsibility Policy (PRSAC) consists of a set of principles and guidelines of an environmental, social and climate nature to be followed in the performance of ...