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.
The economy in Latin America is advancing at two different speeds. While countries like Peru, Colombia, Argentina, Brazil, and Mexico have recorded encouraging macroeconomic data, others like Ecuador and Bolivia are showing some setbacks. In these latter cases, political uncertainty could be one of the main reasons for financial adversities, but it is more or less widespread throughout the region.
The economic stability or its improvement in Peru, Chile, or Colombia contrasts with the increase in disapproval of their leaders. For example, in the Caribbean country, a protest against the government was organized, with more than 90,000 people participating nationwide.
On the other hand, the candidates for the upcoming elections in Ecuador and Argentina have been defined. In the Andean country, the candidate from the correísmo movement is leading the polls, although a second round is expected to take place. Meanwhile, in Argentina, surveys show a technical tie between Peronism, Juntos por el Cambio, and the La Libertad Avanza party.
Economic data has been particularly positive in Mexico, despite the intense internal confrontation in the major political parties Morena and PRI, and in Brazil, where the former President Jair Bolsonaro was disqualified from participating in elections until 2030.
As for Bolivia, the situation is not optimistic. The agency Moody’s downgraded the country’s debt rating, insecurity remains latent, and divisions within the ruling party are becoming increasingly evident.
Finally, it is worth noting that climate phenomena, especially related to El Niño, have caused havoc in several countries in the region, and the situation is expected to worsen.