Balance of payments problems in Venezuela and Argentina have deflected attention away from the fact that current account positions across much of the rest of Latin America have deteriorated significantly over the past year or so. This doesn’t necessarily mean that the region is facing a string of balance of payments crises similar to those seen in the 1980s and 1990s. But it is likely to require a big squeeze on domestic demand (and thus imports), which will constrain growth over the next year or two.
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