Latin America is ready for 2023
2023 will be a promising year for doing business in Latin America:
For the last two years, Latin America has outperformed other emerging and developed markets in terms of growth and market performance.
During 2022, major currencies strengthen significantly. The Brazilian real rose 9% and the Mexican peso 5.5%.
Inflation will fall in most places, thanks to the central banks taking early action in raising interest rates across the region.
More than eighty-five percent of the countries in the region have recovered from the pandemic.
Latin America has grown by 3.5% in 2022 compared to the global average of 3.7%, according to the IMF.
The two biggest economies in Latam, Brazil and Mexico, are expected to grow by 0.7% and 1.8%, respectively, next year, posting a slightly better economic performance.