US Slowdown May Hit LatAm Via China

US Slowdown May Hit LatAm Via China

Asia

A US slowdown could contribute to a decline of up to 2% in China’s economy for the coming year, albeit to a still high 9%, according to William Rhodes, senior vice-chairman at Citigroup. That in turn may have an effect on LatAm, as the region relies heavily on strong Chinese demand for commodities. The executive, who believes decoupling is a myth, notes the direct impact of the US slowdown on LatAm has been muted, but that reverberations in other markets may still find their way to the region. “

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