Argentina and Brazil’s plan to establish a common unit of account to increase bilateral trade and reduce their dependence on the dollar misdiagnoses the main impediments to both goals. Elsewhere, China's move to develop Bolivia's untapped lithium reserves is yet another example of how Beijing is trying to increase its access to key raw materials in a fractured world. Finally, we've revised up some of our currency forecasts in light of China's reopening. Those of the Andean countries are likely to be regional outperformers this year, while we think the Mexican peso will underperform.
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