The fact that growth accelerated in Venezuela in Q3 but slowed in Chile paints a false picture of the relative strengths of each economy. Both are vulnerable to the drop in commodity prices that we expect over the next year, but the Chilean authorities have much more scope to implement a policy response than their counterparts in Venezuela.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.