Latin America & the Caribbean

Countries will have to adjust differently to the new and more adverse global environment.

The rise in unemployment in the region is partly driven by China’s slowdown, the fact that Brazil is reeling against the ropes, the decline in commodity prices and the worsening conditions of access to international financing.

Despite incumbent presidents loss of popularity due in part to a major economic slowdown in the region, it is a very positive sign that most governments are still able to govern.

China will look to leverage its spare industrial and construction capacity through exports. Latin America, with its massive needs of infrastructure development programs, is an ideal target.