The easing of some US sanctions will give a small boost to Venezuela’s oil output, but it would take much more on the sanctions front – as well as huge investment – to boost oil production significantly. Meanwhile, Colombia's external vulnerabilities continue to mount and we think growth will need to slow sharply next year to put the economy on to a more sustainable footing. Finally, while it's uncertain if the third impeachment procedure against Peru's President Castillo will succeed, policy paralysis is set to continue, which will weigh on investment and GDP growth next year.
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