Is Latin America prepared to resist the turbulent global economy?
After a decade of high growth and high expectations about the Latin America’s future, the new and less complacent global context—driven by declining commodity prices, a deceleration of Chinese growth, and prospects of rising U.S. interest rates—is already contributing to a major slowdown in the region and to a deterioration of macroeconomic fundamentals. In this increasingly uncertain world, Latin American policymakers are faced with some difficult questions: What are the macroeconomic challenges that lie ahead for the region? Is Latin America resilient enough to withstand the turbulent global economy?
On October 21, the Brookings-CERES Economic and Social Policy in Latin America Initiative (ESPLA) and El País cohosted a discussion on these key issues for Latin America. The discussion was held in Spanish and featured as a special edition of NTN24’s Club de Prensa later that week. Simultaneous translation was available for event attendees.
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