The latest fall in global commodity prices has hit financial markets across the whole of Latin America but the economic impact will be more dispersed. Global energy prices have seen the biggest falls since the start of the year, which will hit the region’s oil producers especially hard. The economic crisis in Venezuela will deepen and in the absence of a renewed rebound in oil prices a government debt default looks increasingly likely. Colombia and Ecuador will struggle too. But the pain in other economies in the region should be less acute.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services