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  • Alexander Schek

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.

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