The report Key Data for LATAM is elaborated by ATREVIA’s analysis and research team in order to provide the main information to understand the political and business reality of Latin America.
The most outstanding facts this month are:
- Alberto Fernández’s project for Argentina would have immediate goals and others in the mid-term. The immediate step is to calm turbulence and lessen uncertainty through a renegotiation with the IMF for debt repayment and an agreement with employers and unions to control wage and price rises to help control inflation. If this were to be achieved, the new president would gain time and leeway to undertake further, more structural reforms.
- In Brazil, Jair Bolsonaro’s reformist government will go through a second chapter: after getting the pension law passed, it is now time to cut expenses. However, this commitment to structural changes to bring the country out of stagnation and design a more productive and competitive economy coincides with an increasingly complex and uncertain political landscape.
- Ecuador has reached a blocking point on fiscal, economic and governance issues. Dollarization and a sound financial system are the pillars of the model, but the current mismatches in the Ecuadorian economy undermine that model.
- In Chile, Piñera’s government will end its mandate, regardless of widespread initiatives seeking his possible resignation. There is no alternative and the Chilean institutional is strong. What is not so certain is that the reform plan with which Piñera arrived at La Moneda will survive or be reborn. At this time the government, undergoing mobilizations, is pushing a broad package of social reforms and not as economic as was its original intention in 2018.
- Uruguay will celebrate the second round of the presidential election on November 24, which, if all goes according to the polls, will mean the end of 15 years of the left’s hegemony (el Frente Amplio).
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