LatAm Watches for European Contagion Risks
Nov 14, 2011
After dodging a bullet in 2008’s financial crisis and subsequently fixing vulnerabilities exposed during that period, LatiAm policymakers feel more prepared than ever to face future contagion risks. Events in Europe, however, are being watched with increasing unease amid the realization that the continent’s debt predicament will eventually wash upon the region’s shores. Weakness in the commodity complex, volatility in the FX rates, and a lengthy lull in capital markets activity are just some of the areas of susceptibility for LatAm. For now at least, the immediate horizon looks stormy but manageable. JPMorgan estimates that LatAm growth should dip to...
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