Latin America Faces Slowing Growth and High Inflation Amid Social Tensions
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Loading... - Leonardo Jesus
- 07 Feb 2023
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Restoring macro stability and boosting growth will require carefully-crafted policies that will help mitigate discontent
Latin America’s economies held up well last year despite the shocks from Russia’s invasion of Ukraine and global interest rate hikes. In 2022, the region’s economy expanded by nearly 4 percent, employment recovered strongly, and the service sector rebounded from the damage caused by the pandemic.
Inflationary pressures are receding in many countries due to the early and determined efforts of central banks as well as lower global prices of food and energy. However, core inflation (that is, excluding food and energy), remains high at around 8 percent in Brazil, Mexico, and Chile (and somewhat higher in Colombia but lower in Peru).Read Chile…
