Latin American Keys is an informative and analytical summary regarding the political and economic situation in the Latin American region. These key takeaways, prepared monthly by ATREVIA´s Analysis and Research team, serve to be a useful tool in understanding the evolution of the political-institutional state of Latin America, a need that the pandemic has further exaggerated.
Inflation is starting to ease in the region after several months of sharp increases. At the same time, prospects for economic growth stabilize with positive outlooks, albeit not as high as before.
These encouraging inflation trends are observed in countries like Colombia and Mexico. However, while the government in the former case faces high disapproval levels, the ruling party in Mexico emerged victorious in the significant State of Mexico after the recent local elections.
Political instability is particularly affecting Peru, where the government is under investigation by the Prosecutor’s Office for alleged human rights violations during the protests earlier this year. Likewise, Ecuador has a dissolved Assembly and awaits presidential elections in August.
That month will also be an electoral contest in Argentina, to select candidates for this year’s presidential elections. Unlike most cases in the region, the country struggles to control inflation, resulting in its economy having the poorest performance among OECD nations. Meanwhile, Uruguay‘s major problem is the persistent drought endangering the country’s water supply.
In Chile, the proposal for a new Constitution has already been presented, and the Constitutional Council will now review it and make the necessary modifications as deemed appropriate. Finally, President Lula da Silva intensifies his foreign agenda to strengthen Brazil‘s international position. Within a few weeks, he organized a regional summit and also met with the President of the European Commission, Ursula von der Leyen.