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Ecuador: a case study of EM price inefficiency
Weekly investor research
25 November 2019
Ecuadorian President Lenin Moreno submits a new fiscal consolidation bill and gets support from the IMF. Chile’s GDP surprised on the upside as parliament approves reforms. China FDI improves as GDP is revised higher. South Africa’s inflation surprised on the downside, but the Central Bank keeps rates unchanged. In Brazil, the job market, fiscal accounts and earnings growth improved. Argentina’s reserves increase as the IMF signals support. Pro-democracy parties won a landslide victory in Hong Kong. Bolivia’s credit rating downgraded to B+. FX reserves inch higher in Zambia. Scheduled general strike in Colombia closes the cycle of protest across Latin America.