15-08-19 Latin American Weekly Report
Crushed Macri battling for survival as peso tumbles
By the nature of its reliance on certain sectors, Latin America has long been at the mercy of shocks the global economy. Primary material and agricultural exports – two of the region’s totems – are vulnerable to external shocks and fluctuations, and the current trade war between China and the US government of President Donald Trump has caused a wave of uncertainty that could have grave consequences for Latin America. While the region is likely to suffer in the long run, there will be a short-term boom for some economies in the region as both countries pivot away from one another in certain sectors.
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