Latin America Economics

Latin America Chart Book

28 November, 2018

Fall in oil prices a net positive for most of Lat Am

The drop in oil prices this month is clearly bad news for the region’s large net energy exporters, Colombia and Venezuela; a fiscal squeeze in on the cards in the former and the latter’s crisis will get even worse. But for the rest of the region, lower oil prices should be a net positive. Large energy importers, Chile and Peru, will receive a boost from a lower import bill, which should narrow current account deficits. (Brazil and Argentina are net oil importers too, albeit only marginally so.)

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