Caught between local politics and global tensions
Latin America has faced global and domestic complications. The region has generally been able to navigate through them, avoiding serious economic/financial crises thus far.
This past year highlighted a global economy in the later stages of its cycle, geo-political tensions, and Europe again demonstrating structural imbalances. Locally in Latin America, a busy electoral calendar has now come to a close following Brazilian elections. In the long term, we see more questions than answers on the global scale. However, with less than one month left in the year, it is an ideal moment to analyze and lay the foundations of our base case outlook for 2019.
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