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S&P Global Ratings Publishes Q1 2022 LatAm Economic Outlook

LATAM
  • (S&P Global Ratings) Nov. 29, 2021--Higher inflation that has been less transitory than expected will translate into higher interest rates across the Latin American region next year.
  • As a result, S&P Global Economics lowered its 2022 GDP growth average for the six major Latin American economies (Argentina, Brazil, Chile, Colombia, Mexico, and Peru) by roughly half a percentage point to 2%, which implies a significant slowdown from 6.6% expected in 2021.
    • "Slower growth in 2022 will result from tighter monetary policy, the removal of fiscal stimulus in most countries in the region, the negative impact of low levels of policy predictability in investment, and less supportive global trade dynamics," said Latin America Senior Economist Elijah Oliveros-Rosen.

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