Latin American economies are struggling as global financial conditions tighten

Oct 18, 2022

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

The Big Picture

Explore and monitor how Latin America is affecting economies, industries and global issues

Crowdsource Innovation

Get involved with our crowdsourced digital platform to deliver impact at scale

Stay up to date:

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

Discover

Beyond GDP: read the full transcript here

Have you read?

Don't miss any update on this topic

Create a free account and access your personalized content collection with our latest publications and analyses.

License and Republishing

World Economic Forum articles may be republished in accordance with the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Public License, and in accordance with our Terms of Use.

The views expressed in this article are those of the author alone and not the World Economic Forum.

The Agenda Weekly

A weekly update of the most important issues driving the global agenda

Subscribe today

You can unsubscribe at any time using the link in our emails. For more details, review our privacy policy.