21 Jan 2022 Are Rising Commodity Prices a Blessing or Curse for LatAm

Andres Abadia (Senior International Economist)21st Jan 2022 00:20Latin America, Daily Monitor

The recovery in commodity prices should strengthen LatAm public finances and external accounts.
Capex will also rise this year, if the commodity uptrend is sustained; political risk, however, is a drag.
A sustained rebound in prices would also keep inflation high, complicating some central banks' plans.

andean andes banks brazil brl budget capex cash central banks chile commodities commodity commodity prices COP credit current account debt deficit economy election energy fiscal accounts gdp global government gradual recovery inflation investment it latam markets metal metals mining oil oil price oil prices oil production oil sector policy prices private companies production public finances remain sector supply trade usd

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