The Americas Economy

But in only two decades, Argentina has returned as a new focus of investors and companies around the world. The newly elected government of President Mauricio Macri is working to recover the interest of American and European companies, which have announced levels of investment that were unthinkable a few years ago. Domestically, the country is drafting a series of reforms that will help...

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Amid a challenging year for the global economy, which navigated inflation, conflict, climate-related extreme weather events and supply chain disruptions, Latin America and the Caribbean showed resilience in 2022.

Macroeconomic forces such as inflation, geopolitical tension punctuated by Russia’s invasion of Ukraine and spikes in commodity prices heightened supply chain disruptions in 2022, which included capacity constraints, higher freight costs, labour shortages and port slowdowns.

Amid an uncertain global economic outlook, Mexico has positioned itself as a strategic centre of production, innovation and consumption in the digital economy.

Long viewed as a barrier to market development and fiscal sustainability, a dynamic informal economy is increasingly being recognised as an important source of resilience and a target for financial technology (fintech) services.

Two Latin American currencies – the Brazilian real and the Mexican peso – have outperformed G10 nations and other emerging markets in 2022 despite the sharp appreciation of the US dollar.

As emerging markets recover from the Covid-19 pandemic and face financial headwinds due to interest rate hikes in the US, the BRICS group – Brazil, Russia, India, China and South Africa –  is looking to expand its membership to tackle shared challenges.

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