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.
Current political affairs in Latin America are marked by electoral processes and intense debates. Meanwhile, in the economic landscape, downward revisions in growth projections and gradual control of inflation are prevailing trends in nearly all countries in the region.
Ecuador elected Daniel Noboa as its new president, with one of the key challenges being addressing the issue of insecurity, the primary concern of the citizens. Argentina is entering the final stretch to choose its new leader, with the first round of the presidential elections set for October 22. Inflation is becoming a significant problem in the country, possibly ending the year at over 150%, which concerns neighboring Uruguay due to the competition it creates in tourism and border area trade.
Uruguay is also grappling with the consequences of a drought, a crucial factor in the economic contraction experienced. Chile‘s GDP has shown negative figures, and the future of a new constitution is in jeopardy due to low public support indicated in polls.
Colombia has seen intense legislative activity, with the government facing the challenge of garnering the necessary support for its projects. The country’s public life is characterized by continuous demonstrations, both in support and opposition to the Executive. Bolivia is experiencing significant instability, with internal disputes within the ruling party leading to the expulsion of President Luis Arce from its ranks. The GDP growth forecast has been revised downward, while Peru is going through three consecutive months of economic contraction.
In contrast, Mexico has reported positive macroeconomic figures. Inflation is approaching the set target, and a significant economic expansion is expected by year-end. The Israel-Palestine conflict is impacting all countries to some extent, but Brazil, with many citizens in the region, is particularly affected.