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Latin America Suffers the Consequences of Interventionism

Latin America Suffers the Consequences of Interventionism
President of Argentina Alberto Fernández delivers his speech next to Vice President Cristina Fernández during the opening of the 140th period of the Argentine Congress 2022, in Buenos Aires, Argentina, on March 1, 2022. Matias Baglietto/Getty Images
Daniel Lacalle
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Commentary

The latest estimates from consensus for the main Latin American economies show a continent facing a lost decade. The region’s GDP growth has been downgraded yet again to a modest 1.1 percent for 2023, with rising inflation and weakening gross fixed investment. Considering that the region was already recovering at a slower pace than other emerging markets, the outlook is exceedingly worrying.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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