Latin America

Latin American economies are struggling as global financial conditions tighten

Folded wooden chairs leaning against wall paintings of Latin American flags.

Despite slowing growth, Latin America will continue facing high inflation for some time. Image: Unsplash/Roberto Huczek

Santiago Acosta-Ormaechea
Senior Economist at the Western Hemisphere Department , International Monetary Fund
Gustavo Adler
Deputy Division Chief, IMF's Research Department
Ilan Goldfajn
Director of the International Monetary Fund, in charge of the Western Hemisphere Department
Anna Ivanova
Deputy Division Chief, Western Hemisphere Department, International Monetary Fund
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Latin America

Chart showing rising borrowing costs in Latin America.
The transition to higher global interest rates may be bumpy. Image: IMF

Chart showing persistent inflation in Latin America.
Pockets of vulnerabilities remain. Image: IMF
Chart showing high levels of debt in Latin America.
Rising borrowing costs will test public finances through higher interest payments. Image: IMF

Chart showing real GDP growth in the Western Hemisphere.
Central banks in the region have acted fast and kept long-term inflation expectations anchored. Image: IMF
Chart showing end-of-period inflation in the Western Hemisphere.
Fiscal policy should also go hand in hand with monetary policy. Image: IMF
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Latin AmericaFinancial and Monetary SystemsBanking and Capital Markets
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