Report published September 23, 2026

Latam Today: Goldman Sachs Latin America Economic Outlook (September 23, 2026)

Goldman Sachs · September 23, 2026

Goldman Sachs previews upcoming data releases across Latin America, forecasting a 2.2% yoy rise in Argentina's July economic activity and an unchanged 6.50% policy rate decision from Mexico's central bank. Mexican 1H September headline and core inflation are projected at 3.37% yoy and 3.80% yoy, respectively.

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Finvaulta summarizes Goldman Sachs's analysis. Attribute opinions, forecasts, time-sensitive values, and chronology to the issuer and report date; do not treat this page as an independent verification or a current market-data source.

Key Takeaways

1.Banxico's MPC is expected to unanimously hold Mexico's monetary policy rate at 6.50%, consistent with previous guidance.
2.Argentina's real economic activity is projected to rise 2.2% yoy in July, driven narrowly by primary sector output while secondary and tertiary sectors lag.
3.Mexican headline inflation for 1H September is forecast at 0.28% (3.37% yoy), with core inflation seen at 0.19% (3.80% yoy).

ARGENTINA
BRAZIL
MEXICO
LA-IT5 Headline Inflation
LA-IT5 Policy Rate

Report data

LA-IT5 Headline Inflation

Metric	Estimate	Context
Real Economic Activity Index Forecast	2.2 % yoy	Argentina real economic activity forecast for July.
FGV Consumer Confidence Index	84.7 points	Brazil FGV consumer confidence index in August.
Mexico MPC Policy Rate Forecast	6.50%	Mexico policy rate decision forecast.
Real GDP (IGAE) Forecast	0.2 % mom sa	Mexico monthly economic activity indicator forecast for July vs -0.06% mom sa (2.82% yoy) in June.
Headline INPC Inflation Forecast	0.28%	Mexico headline inflation forecast for 1H Sep, consistent with 3.37% yoy vs 3.26% yoy in 2H Aug.