Latin America | What matters in 2020?

Modest recovery: Latin America will grow 1.4% in 2020 and 2.1% in 2021, after having expanded 0.6% in 2019.

Key points

• Key points:
• Growth will remain weak relative to both the global economy and the “golden years” (2003-12), when expansion averaged 3.8%.
• Fed’s expansive tone and domestic inflation under control will allow most Central Banks to keep monetary stimulus in place.
• Challenges: driving growth up in a context of relatively low commodity prices and global growth are among the main ones.
• Social unrest and political tensions will continue to be a source of concern over the next few years.

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