Americas Economic overview
Loose monetary policy in Brazil and Argentina will support gas consumption in both countries.
Brazil’s central bank slashed its key benchmark interest rate by 25 basis points in January, to an all-time low of 6.75%, in a bid to boost economic activity. This, combined with the country’s expanding economy, will be positive for Brazilian gas demand in 2018. The International Monetary Fund (IMF) expects Brazil’s GDP to have expanded by 0.7% on an annual basis in 2017 and forecasts growth of 1.5% in 2018.
Meanwhile, Argentina’s central...