Crosswinds for Latin America and Colombia

Summary

The Latin American economy faces crosswinds in a scenario of disequilibrium, in line with international dynamics, where the main economic variables are still adjusting after the disruptive events of the most recent years.

Key points

• Key points:
• Inflation slows down in the region, showing turning points in some of the economies, but remains high compared to its historical levels, generating pressures in the countries.
• Central banks have raised intervention rates significantly. It is estimated that in countries such as Argentina and Mexico, intervention rates have not reached their ceiling yet.
• In line with global dynamics, growth slowdowns are forecast for the region's economies, with a more pronounced impact expected in Argentina and a smaller one in Uruguay.
• The external imbalance remains high for Latin America as a result of insufficient fiscal adjustments.

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