We have been warning for a very long time that the recent period of strong growth in Latin America has been built on shaky foundations. With external vulnerabilities mounting, several countries in the region are now exposed to tighter global monetary conditions as the global commodities boom comes to an end. Crucially, though, with the exception of Argentina and Venezuela, in this Watch we find that large foreign exchange reserves mean that the region faces a prolonged period of weak economic growth rather than another systemic crisis.
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