Pub date: 28 Mar 2012 Latin America / Argentina Business Forecast Report
Core Views Although growth opportunities exist across a range of consumeroriented sectors, Argentina's investment environment will continue to lag behind that of other economies in the region as co... Read More
Pub date: 02 May 2012 Latin America / Brazil Business Forecast Report
Core Views Blessed with favourable demographics, a large consumer base and a wealth of natural resources, Brazil offers some of the most exciting investment opportunities globally. With plenty of ... Read More
Pub date: 28 Mar 2012 Global / Latin America Business Forecast Report
Core Views Central America as a region will remain heavily dependent on the performance of developed-state economies, particularly the US, which remains a major source remittance flows and demand f... Read More
Pub date: 02 May 2012 Latin America / Chile Business Forecast Report
Core Views Robust economic growth will continue to be driven primarily by strong private consumption levels, with consumer-focused industries such as telecoms, financials and autos to benefit as a ... Read More
Pub date: 28 Mar 2012 Latin America / Colombia Business Forecast Report
Core Views Broadly in line with consensus, we believe Colombia will become a regional outperformer in 2012. Private consumption will drive the majority of growth, although gross fixed capital form... Read More
Pub date: 02 May 2012 Latin America / Mexico Business Forecast Report
Core Views We have turned cautiously optimistic regarding Mexico's growth story, bumping up our average real GDP growth forecast for 2012-2021 from 2.7% to 3.2%. This view is underpinned by our exp... Read More
Pub date: 28 Mar 2012 Latin America / Peru Business Forecast Report
Core Views Peruvian growth will be among the strongest in Latin America over the medium term. Our real GDP growth forecasts are in line with consensus, and we believe the central bank will remain c... Read More
Pub date: 02 May 2012 Latin America / Venezuela Business Forecast Report
Core Views Venezuela faces major political and economic uncertainty in the run-up to and immediate aftermath of the October 2012 presidential elections. Rampant monetary stimulus and a relatively ... Read More
Pub date: 15 Mar 2010 Global Special Report
The report examines the main threats to amicable China-US relations, and outlines three scenarios for the coming decade.... Read More
Pub date: 04 Feb 2010 Global Special Report
EM To Outperform After years of progress on regulatory reform, macroeconomic restructuring and institutional convergence following the painful events of the Asian and Russian c... Read More
Pub date: 14 Feb 2011 Global Special Report
The Challenge Of Rising Commodity Prices A combination of improving economic growth, loose monetary policy, and supply-side considerations from tight commodity markets is boosting consumer prices ... Read More
Pub date: 18 Mar 2011 Global Special Report
A Country In Crisis The Worst Disaster Since World War ll Japanese Prime Minister Naoto Kan has described the March 11 devastating earthquake and its aftermath as the country's worst disaster ... Read More
Pub date: 11 Aug 2011 Global Special Report
Economic growth in the US, Japan and the eurozone is faltering, putting the global economy on the verge of another recession. In this special report, Business Monitor International (BMI) assesses the ... Read More
Pub date: 07 Mar 2012 Global Special Report
BMI View: Poor visibility on global macro prospects suggests that a purely top down approach could be insufficient in unearthing investment opportunities in 2012. In this article, we outline the ... Read More
Pub date: 01 May 2012 Global / Latin America Special Report
Although we are above consensus on Brazil's real GDP growth in 2012, its consumption-based growth model is running out of steam, and a move towards an investment and savings-focused model is now ... Read More
Pub date: 13 Dec 2011 Global / North America Special Report
BMI examines the outlook for global private consumption over the next 10 years, and picks key emerging market and industry outperformers.... Read More
Pub date: 06 Jul 2011 Global Special Report
Executive Summary Where Next For The World Economy? Risks And Scenarios For The Recovery The risks to the global economy are mounting, following the earthquake and tsunami in Japan in March and... Read More
Pub date: 18 Jan 2011 Global Special Report
The global economic healing process is gaining momentum, and while risks abound as ever, we expect 2011 to herald a broadening and deepening phase of the recovery. Emerging markets are again set to... Read More
Pub date: 18 May 2012 Global Regional Monitor
Emerging Markets Monitor provides weekly analyses, forecasts and ratings on fixed income, foreign exchange, commodities, bonds, equities and funds across global markets, all backed by Business Monito... Read More
Pub date: 02 May 2012 Global Regional Monitor
Coverage includes BMI's Country Risk and Financial Markets team's global outlook, with unrivalled coverage of developed states, as well as key regional and country-by-country stories of emerging state... Read More
Pub date: 10 May 2012 Global Regional Monitor
Andean Group Monitor each month provides country-by-country analyses, ratings and forecasts covering political risk, economic performance, key industries, finance and the business environment... Read More
Pub date: 10 May 2012 Latin America Regional Monitor
Brazil Monitor each month provides analyses, ratings and forecasts covering political risk, economic performance, key industries, finance and the business environment... Read More
Pub date: 10 May 2012 Global Regional Monitor
Caribbean Monitor each month provides country-by-country analyses, ratings and forecasts covering political risk, economic performance, key industries, finance and the business environment... Read More
Pub date: 10 May 2012 Latin America Regional Monitor
Central America Monitor each month provides country-by-country analyses, ratings and forecasts covering political risk, economic performance, key industries, finance and the business environment... Read More
Pub date: 10 May 2012 Latin America Regional Monitor
Mexico Monitor each month provides analyses, ratings and forecasts covering political risk, economic performance, key industries, finance and the business environment... Read More
Pub date: 10 May 2012 Global Regional Monitor
Southern Cone Monitor each month provides country-by-country analyses, ratings and forecasts covering political risk, economic performance, key industries, finance and the business environment... Read More
Pub date: 03 Apr 2012 Latin America / Argentina Agribusiness Industry Report
BMI View: A perennial export powerhouse, Argentine crop and livestock production continues to underperform under the weight of consistent price controls, labour strife and weather problems. The pric... Read More
Pub date: 16 Mar 2012 Latin America / Argentina Autos Industry Report
The deteriorating regulatory environment in Argentina and the tightening of import restrictions by Brazil have prompted BMI to revise down its 2012 production growth forecast to a cautious 7.1% year-... Read More
Pub date: 27 Apr 2012 Latin America / Argentina Commercial Banking Industry Report
BMI View: Argentina's unsustainable macroeconomic trajectory will continue to pose moderate risks to the country's commercial banking sector. While low levels of penetration suggest financial institu... Read More
Pub date: 29 Mar 2012 Latin America / Argentina Consumer Electronics Industry Report
Argentina's domestic consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and AV products, is projected at US$5.8bn in 2012. The market picke... Read More
Pub date: 21 Nov 2011 Latin America / Argentina Defence & Security Industry Report
The Argentine defence sector did not see any major shocks over 2011. Tensions continue to grow between the UK and Argentina concerning Las Malvinas/The Falkland Islands, but it is highly unlikely th... Read More
Pub date: 12 Dec 2011 Latin America / Argentina Food & Drink Industry Report
Argentina has bounced back impressively from recession. However, where we believe consumption could be affected in the medium-term by the unwinding of the imbalances that continue to plague the Argen... Read More
Pub date: 18 May 2012 Latin America / Argentina Freight Transport Industry Report
BMI remains concerned about the effects of Argentina's soaring inflation on the country's freight transport sector. We believe that the Argentine government has artificially propped up growth during ... Read More
Pub date: 03 Apr 2012 Latin America / Argentina Information Technology Industry Report
Argentina's IT market is forecast to increase to US$5.0bn in 2012, up by around 9%, a moderation compared with 2011, when the PC market was boosted by the government's education PC procurement. As w... Read More
Pub date: 02 Mar 2012 Latin America / Argentina Infrastructure Industry Report
BMI View: Argentina's infrastructure sector remains dependent to some extent on a US$10bn credit agreement from China. In addition, events in Q411 reinforced our view that the financial support of m... Read More
Pub date: 11 May 2012 Latin America / Argentina Insurance Industry Report
Key Insights And Key Risks At first glance, the newsflow from Argentina's insurance sector in Q211 looks good. There has been strong growth in premiums in both the non-life and the life segments thr... Read More
Pub date: 11 May 2012 Latin America / Argentina Mining Industry Report
Argentina's mining sector holds some of the largest potential for development in the Americas region. Large natural resources and minimal historical mining presence suggest that major mineral deposit... Read More
Pub date: 12 Apr 2012 Latin America / Argentina Oil & Gas Industry Report
BMI View: Argentina's energy sector needs all the help it can get, so the resource upgrade at Vaca Muerta is highly encouraging. However, the fiscal regime needs work if Argentina is to secure adequa... Read More
Pub date: 05 Dec 2011 Latin America / Argentina Petrochemicals Industry Report
The Argentine petrochemicals industry is in competition with the energy sector for gas resources, with winter months seeing a slowdown in output, according to BMI’s latest Argentina Petrochemicals Re... Read More
Pub date: 13 Mar 2012 Latin America / Argentina Pharmaceuticals & Healthcare Industry Report
BMI View: Measured in local currency and in US dollars, the value of Argentina's pharmaceutical market is expected to grow at double-digit rates over the five years to 2016, in large part due to inf... Read More
Pub date: 30 Apr 2012 Latin America / Argentina Power Industry Report
BMI View: Energy subsidies were under the spotlight again in January 2012, with President Cristina Fernández taking the decision to automatically remove subsidies on water, gas and electricity bills ... Read More
Pub date: 13 Apr 2012 Latin America / Argentina Real Estate Industry Report
Construction contributes around 5% of Argentina's GDP, a percentage that is set to increase only marginally in future. But the construction segment holds promise, despite 2011's growth figure coming ... Read More
Pub date: 24 Feb 2012 Latin America / Argentina Retail Industry Report
The Q112 BMI Argentina Retail Report forecasts that the country’s retail sales will grow from ARS66.86bn (US$21.22bn) in 2011 to ARS82.52bn (US$26.20bn) in 2015. An expanding population, rising disp... Read More
Pub date: 17 Feb 2012 Latin America / Argentina Shipping Industry Report
BMI believes that the Argentine government has artificially propped up growth during recent years. This should continue to support real term expansion over the coming quarters, but we believe that th... Read More
Pub date: 08 Mar 2012 Latin America / Argentina Telecommunications Industry Report
Net additions returned to strong growth in Q411, at 2.09mn according to INDEC. This signifies remarkable growth over Q311's 869,000 net additions, and penetration has reached around 140.2%. At the t... Read More
Pub date: 12 Apr 2012 Latin America / Bolivia Oil & Gas Industry Report
BMI View: With investment flowing into a series of development projects, the short-term outlook for the Bolivian gas sector is positive. Rising gas output will allow Bolivia to raise export volumes t... Read More
Pub date: 03 Apr 2012 Latin America / Brazil Agribusiness Industry Report
BMI View: Record grains plantings in Brazil are expected to mitigate the impact of lower yields following recent droughts, and we forecast corn production to increase in 2011/12. However, we expect ... Read More
Pub date: 18 May 2012 Latin America / Brazil Autos Industry Report
Early indications would suggest that 2012 will be a difficult year for the Brazilian auto sector, as a combination of higher auto import taxes and revised regulations combine to depress demand. New ... Read More
Pub date: 02 Mar 2012 Latin America / Brazil Commercial Banking Industry Report
BMI View: Though we anticipate that banking sector growth in Brazil will remain strong in 2012, we believe this growth will exacerbate existing imbalances in the sector. Indeed, extremely high levels... Read More
Pub date: 12 Apr 2012 Latin America / Brazil Consumer Electronics Industry Report
Brazil's domestic consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products, is estimated at US$32.6bn in 2012... Read More
Pub date: 25 Apr 2012 Latin America / Brazil Defence & Security Industry Report
As Brazil's President Dilma Rousseff completes her first full year in power, the country shows every sign of retaining its place as the regional superpower in Latin America, as 2012 unfolds. This is ... Read More
Pub date: 11 May 2012 Latin America / Brazil Food & Drink Industry Report
Although Brazil has plenty to offer to foreign investors, we highlight that the country remains a challenging market in which to invest. High entry barriers are manifested through often conflicting ... Read More
Pub date: 28 Mar 2012 Latin America / Brazil Freight Transport Industry Report
BMI believes 2012 will be another year of strong growth for Brazilian freight transport. Although we expect a good level of growth to continue during our forecast period, there are a number of risks ... Read More
Pub date: 12 Apr 2012 Latin America / Brazil Information Technology Industry Report
BMI View: Macroeconomic factors have led us to revise down our forecast for Brazilian IT spending in 2012; we now expect it to reach US$29.8bn in 2012, up 9.0% from an estimated US$27.3 in 2011. The ... Read More
Pub date: 03 May 2012 Latin America / Brazil Infrastructure Industry Report
BMI View: We remain confident that Brazil's construction industry will post strong growth over the medium term, fuelled by the government's commitment to improving infrastructure to support economic ... Read More
Pub date: 30 Apr 2012 Latin America / Brazil Insurance Industry Report
Key Insights And Key Risks As of April 2012, the latest data from Brazil' s leading insurance companies (in relation to calendar 2011 and Q411) confirms our view that the country is home to one of t... Read More
Pub date: 02 May 2012 Latin America / Brazil Metals Industry Report
The threat of deindustrialisation hangs over the Brazilian steel and aluminium industries, which are facing increasing pressure from competition with cheaper imports and a lag between demand growth a... Read More
Pub date: 15 May 2012 Latin America / Brazil Mining Industry Report
BMI View: Brazil's mining sector is poised for a period of strong growth as domestic and foreign demand for mineral resources spurs investment. The country's large untapped reserves and relatively s... Read More
Pub date: 22 Mar 2012 Latin America / Brazil Oil & Gas Industry Report
BMI View: The discovery of billions of barrels of oil in the so-called subsalt oil province offshore Brazil has been one of the most significant developments in the global oil industry for many years... Read More
Pub date: 04 Apr 2012 Latin America / Brazil Petrochemicals Industry Report
The Brazilian petrochemicals market has considerable potential for growth, with plastics consumption at 32kg per capita, less than one-third of the level in the US and Western Europe, according to BM... Read More
Pub date: 22 Mar 2012 Latin America / Brazil Pharmaceuticals & Healthcare Industry Report
BMI View: Brazil remains the most attractive emerging pharmaceutical market in the Americas due to its large population, strong consumer demand, increasing urbanisation and comparatively good drug r... Read More
Pub date: 16 Mar 2012 Latin America / Brazil Power Industry Report
BMI View: With plenty of monetary and fiscal ammunition to weather a global growth slowdown and continually strong demand for Brazil's commodities, the medium-term economic outlook in the country is ... Read More
Pub date: 11 May 2012 Latin America / Brazil Real Estate Industry Report
The Brazilian economy continues to enjoy growth in spite of global economic headwinds. However, the downside risks are growing and many analysts are becoming increasingly bearish towards the emerging... Read More
Pub date: 09 Mar 2012 Latin America / Brazil Retail Industry Report
The Q212 BMI Brazil retail report forecasts that the country's retail sales will grow by nearly 43% between 2012 and 2016, from BRL1.59trn (US$866.36bn) to BRL2.27trn (US$1.24trn). Generally positiv... Read More
Pub date: 28 Mar 2012 Latin America / Brazil Shipping Industry Report
BMI believes 2012 will be another year of strong growth for Brazilian ports. The sector experienced growth of 7.1% in total tonnage throughput in H111. Although we expect this good level of growth to... Read More
Pub date: 26 Mar 2012 Latin America / Brazil Telecommunications Industry Report
Expansion of the Brazilian market took off at an unprecedented rate in Q411, with 14.88mn net additions. This phenomenal growth rate is the highest the BMI has ever seen, and signs indicate that the ... Read More
Pub date: 02 Mar 2012 Latin America / Brazil Tourism Industry Report
BMI remains highly positive about the outlook for Brazil's tourism industry in 2012. International disembarkations, which are released monthly by the Ministry of Tourism and serve as a proxy for tour... Read More
Pub date: 19 Apr 2012 Latin America / El Salvador Agribusiness Industry Report
BMI View: The rising tide of violent crime in Central America is a serious problem and a major concern for regional policymakers. The 'northern triangle' of Guatemala, El Salvador and Honduras has on... Read More
Pub date: 19 Apr 2012 Global / Latin America Food & Drink Industry Report
Most Central American economies have improved their resilience to external shocks in recent years, primarily through the diversification of foreign earnings. Although the diversification has improved... Read More
Pub date: 09 Mar 2012 Latin America / El Salvador Infrastructure Industry Report
BMI View: The Central America region is a mixed bag; whilst opportunities are on offer across the region, the risks in some countries are prohibitive. Escalating violence and exposure to internationa... Read More
Pub date: 18 May 2012 Global / Latin America Pharmaceuticals & Healthcare Industry Report
BMI View: As countries are expected to invest heavily in healthcare provision over the medium term, we forecast the pharmaceutical markets of the seven states that comprise Central America to represe... Read More
Pub date: 04 May 2012 Global / Latin America Telecommunications Industry Report
BMI's Q312 Central America Telecommunications report analyses and assesses the latest developments in the telecoms markets of seven countries: Belize, Costa Rica, Guatemala, El Salvador, Honduras, N... Read More
Pub date: 09 Dec 2011 Latin America / Chile Autos Industry Report
BMI has adjusted its five-year forecast for new car sales in Chile to reflect the recovery in consumer and business demand in the wake of the global financial crisis that coincided with the reconstru... Read More
Pub date: 02 Mar 2012 Latin America / Chile Commercial Banking Industry Report
BMI View: We maintain our constructive outlook on the Chilean banking sector, thanks to its low level of systemic risk and Chilean banks' strong balance sheets. While the combination of regulatory ch... Read More
Pub date: 09 Mar 2012 Latin America / Chile Consumer Electronics Industry Report
Chile's consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and AV products, is projected at about US$3.0bn in 2012. The market bounced back ... Read More
Pub date: 18 Nov 2011 Latin America / Chile Defence & Security Industry Report
Chile’s transition to a centre-right government led by Sebastián Piñera during the 2009-2010 elections indicated the continuing growth of a short tradition of stable democracy in the country. The dev... Read More
Pub date: 09 Mar 2012 Latin America / Chile Food & Drink Industry Report
Despite the fact that its population does not exceed 18mn, we continue to view Chile as the second most attractive market in Latin America, after Brazil, partly owing to its favourable regulatory env... Read More
Pub date: 28 Mar 2012 Latin America / Chile Freight Transport Industry Report
We maintain our view that Chile's economy is headed for a slowdown in growth. We believe lower copper prices, the prospect of a recession in the eurozone and moderating private consumption will cont... Read More
Pub date: 02 Mar 2012 Latin America / Chile Information Technology Industry Report
BMI View: Chilean IT spending is expected to reach US$3.5bn in 2012, up 13%, with BMI upwardly revising its forecast after the PC market reported double-digit growth in H111. Chile's IT market is one... Read More
Pub date: 22 Mar 2012 Latin America / Chile Infrastructure Industry Report
BMI View: The strong growth seen over 2011 is expected to moderate in 2012; however, activity will remain robust, accelerating in 2013 and 2014. A combination of residential construction and industri... Read More
Pub date: 27 Mar 2012 Latin America / Chile Mining Industry Report
Despite Price Volatility Mining Sector Outlook Is Favourable With several mining projects coming online in 2012, we expect the mining sector will recover from lower 2011 production due to strikes an... Read More
Pub date: 05 Apr 2012 Latin America / Chile Oil & Gas Industry Report
BMI View: While exploiting shale gas may be a distant prospect for Chile, it will seek foreign participation in this area as its conventional oil and gas potential is limited. There is no near-term ... Read More
Pub date: 31 Oct 2011 Latin America / Chile Petrochemicals Industry Report
Chile’s lack of access to upstream resources will mean it will remain a marginal player in terms of petrochemicals production, according to BMI’s latest Chile Petrochemicals Report. Yet the strength ... Read More
Pub date: 05 Apr 2012 Latin America / Chile Pharmaceuticals & Healthcare Industry Report
BMI View: Chile's pharmaceutical market is expected to become an increasingly attractive proposition for multinational companies as regulatory and intellectual property (IP) environment improves and ... Read More
Pub date: 20 Apr 2012 Latin America / Chile Power Industry Report
BMI View: Chile's President Sebastián Piñera and energy minister Rodrigo Álvarez announced Chile's National Energy Strategy in February 2012, outlining the government's short- to medium-term plans fo... Read More
Pub date: 03 Apr 2012 Latin America / Chile Real Estate Industry Report
Chile's real estate market is continuing its buoyancy from 2010 and 2011. Despite new supply, absorption rates are generally holding up across the board. Increasing demand and supply is the general t... Read More
Pub date: 09 Mar 2012 Latin America / Chile Retail Industry Report
The Q212 BMI Chile retail report forecasts that the country's retail sales will grow from US$55.76bn in 2012 to US$62.72bn in 2016, an increase of 12.5%. High consumer spending power, well developed ... Read More
Pub date: 28 Mar 2012 Latin America / Chile Shipping Industry Report
The Chilean economy's robust economic growth is likely to continue cooling in the coming quarters, as an increasingly likely global economic slowdown begins to weigh on a still-strong but deceleratin... Read More
Pub date: 18 May 2012 Latin America / Chile Telecommunications Industry Report
BMI's latest quarterly report on Chile's telecoms market includes data published by major operators and the national regulator, Subtel. The latest figures show that Chile's mobile phone market contin... Read More
Pub date: 02 Mar 2012 Latin America / Chile Tourism Industry Report
BMI remains positive on the outlook for Chilean tourism in 2012. For the first 11 months of 2011, arrivals data show there was an 11.3% year on year (y-o-y) increase to 2,728,173 tourist arrivals, a... Read More
Pub date: 03 Apr 2012 Latin America / Colombia Agribusiness Industry Report
BMI View: The agricultural sector was hit by further flooding in late 2011 caused by La Niña weather phenomenon, with the flooding affecting both production levels and the quality of crops. Road netw... Read More
Pub date: 03 Feb 2012 Latin America / Colombia Autos Industry Report
BMI remains highly optimistic about the growth potential of the Colombian autos industry, from the point of view of demand as well as production. New vehicle sales in Colombia are set to reach record... Read More
Pub date: 19 Apr 2012 Latin America / Colombia Commercial Banking Industry Report
Banking Sector Growth To Cool In 2012 BMI View: We maintain a relatively constructive outlook for Colombia's banking sector in 2012. Though loan growth will slow, partly due to rising interest rates... Read More
Pub date: 16 Mar 2012 Latin America / Colombia Consumer Electronics Industry Report
Colombia's consumer electronics devices market, defined as the addressable market for computing devices, mobile handsets and video, audio and gaming products, is estimated at US$4.9bn in 2012. Despi... Read More
Pub date: 04 May 2012 Latin America / Colombia Defence & Security Industry Report
Colombia's government continues to wage its campaign against insurgent organisations and criminal gangs involved in narcotics production and trafficking. The employment of the country's armed forces ... Read More
Pub date: 02 Mar 2012 Latin America / Colombia Food & Drink Industry Report
We have revised up our 2012 forecast for real GDP growth in Colombia, from 4.5% to 4.7%, as we believe economic growth will remain strong into H112. Growth will be driven by a combination of private... Read More
Pub date: 02 Dec 2011 Latin America / Colombia Freight Transport Industry Report
With GDP set to grow by 4.5% in 2012, according to our forecasts, BMI's outlook for Colombia's freight transport sector is broadly positive, although we caution that much more investment in infrastru... Read More
Pub date: 03 Apr 2012 Latin America / Colombia Information Technology Industry Report
BMI View: Colombia's IT market is forecast to increase to US$3.0bn in 2012, up by around 11%, with our projection unchanged from Q112. Colombian IT spending is projected to grow at a CAGR of 10% dur... Read More
Pub date: 22 Mar 2012 Latin America / Colombia Infrastructure Industry Report
BMI View: Colombia's deficient infrastructure remains its biggest obstacle to achieving economic growth. However, President Santos has carried through several structural changes that have prompted o... Read More
Pub date: 15 May 2012 Latin America / Colombia Oil & Gas Industry Report
BMI View: Colombia's oil sector has seen impressive levels of growth since the mid-2000s and we expect that positive trend to continue throughout our 10-year forecast period, with oil production expe... Read More