A meeting this week between officials from the US and Venezuelan governments could be the first step on a long road towards sanctions being lifted on the country. That would be necessary for Venezuela to rebuild its shattered economy over the medium to long term. Otherwise, the sharp hike to fuel prices in Brazil will push inflation above 11% and will weigh on real incomes and consumer spending. So while the mining sector will benefit from higher commodity prices, the economy as a whole will remain sluggish.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services