
Analysis by Region - Latin America
Description
Analysis by Region - Latin America
We maintain our 2022 GDP growth forecast at 2%, but downside risks are growing. We expect the Russia-Ukraine conflict will lead to tightening global financial conditions that will likely curb foreign investment, put pressure on the peso, and risk higher-for-longer inflation. Real wages are expected to shrink during the next two years as employment recovers, which will hurt household consumption and limit growth.
We maintain our 2022 GDP growth forecast at 2%, but downside risks are growing. We expect the Russia-Ukraine conflict will lead to tightening global financial conditions that will likely curb foreign investment, put pressure on the peso, and risk higher-for-longer inflation. Real wages are expected to shrink during the next two years as employment recovers, which will hurt household consumption and limit growth.
Table of Contents
9 Pages
- Untitled Chapter
- Forecast overview
- Recent developments
- Short-term outlook
- Key drivers of our short-term forecast
- Economic risk
- Economic risk evaluation
- Risk warnings
- What to watch out for
- Exposure to key global risks
- Long-term prospects
- Background
- Economic development
- Structure of the economy
- Balance of payments and structure of trade
- Policy
- Politics
Pricing
Currency Rates
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