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Artículo de revista This article reviews the recent performance of the main Latin American economies, in a difficult external environment, owing to the slowdown in the world economy and the uncertainty associated with trade tensions. Growth in 2018 was lower than in 2017 and lower than projected at the start of the year, primarily on account of the severe recession in Argentina and a slower than expected recovery in Brazil. Activity is expected to be more positive in these countries in 2019, but a slowdown is forecast in Mexico. In addition, the risks remain predominantly on the downside. Among the internal risks, the uncertainty surrounding the economic policies to be implemented in Brazil and Mexico stands out. This issue is analysed in detail in this article. Two other articles on specific aspects of the performance of the Latin American economies will be published together with this one: “Capital flows to emerging economies: recent developments and drivers”, and “The impact of China on Latin America: trade and foreign direct investment channels” |
