- Datum: 13.07.2023
- Category:Berichte & Analysen
LATIN AMERICA 2023 — The year of growth that everyone missed
Latin America and Caribbean markets will grow this year in “real” terms by 1.6% but in PPP terms, the region will expand by over 6% and per…
Latin America and Caribbean markets will grow this year in “real” terms by 1.6% but in PPP terms, the region will expand by over 6% and per capita consumption, when measured in USD will grow by a whopping 11%. The figures owe their divergence to the impressive appreciation (vs the USD) of the region’s most actively traded currencies: the Mexican Peso, Brazilian Real and Chilean Peso, buoyed by hawkish local monetary policies. Strong local F/X combined with high costs of local debt provides a once-in-a-decade opportunity for multinationals to gain market share. Multinationals can access capital at much cheaper rates than local Latin American firms. The cost structure of foreign providers is more dollarized than that of local firms. In a year when the USD was cheap compared to the Peso or Real, multinationals have a cost advantage.
Read here the full report from Americas Market Intelligence.