Brazil
Even major hydrocarbon producers remain net importers of refined petroleum products, which leaves domestic prices, fuel subsidy programs, current accounts, and central bank decisions exposed when refined fuel prices rise.
Mexico
Together, these signals show that nearshoring will not deliver stronger growth unless Mexico addresses the four constraints identified by Banxico and confirmed by international assessments — weak investment, weak activity, policy uncertainty, and inflation pressure.
Weekend Sentinel
The first Weekend Sentinel briefing from Latin America Risk Sentinel tracks three risk signals heading into the next business week: Colombia election risk, Mexico trade and cartel-linked enforcement pressure, and Brazil inflation and fiscal-risk repricing.