The resilience earlier this year is losing steam

Real GDP growth; % change, year-on-year

Split bar chart showing real GDP growth year on year in the first quarter and second quarter of 2025 for Argentina, Uruguay, Chile, Peru, Brazil, Colombia, Mexico, Guatemala, Ecuador, and El Salvador. Most countries register slower growth in the second quarter compared to the first quarter.

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Note. Q2 data not available for Guatemala,
Ecuador and El Salvador. Copyright © The Economist Intelligence Unit 2025. All rights reserved.

Source: Haver Analytics; EIU.