EM Country Briefing.
Latin America: Does lower inflation means slower growth?

Latin American growth is decelerating, although still remains at acceptable levels.
Inflation is also following suit in most cases as demand-side forces and FX
appreciation have helped the cause. Brazil continues to be the exception. Growth is
still slow but inflation continues to creep up due to labour market constraints which
render stimuli less effective than originally expected. Colombian growth is now
softening, but long-term trends are still optimistic. Mexican growth should still have
legs, particularly if structural reforms are approved and the US manages to grow
moderately, as it has so far.