South America: Voters may end up turning their backs on leftist leaders across the region per think tank

buenosairesherald.com reported the end of this year brings a crucial coincidence: the economies of most South American countries are experiencing difficulties unknown in the last decade and, at the same time, several of its progressive governments face challenging elections which, also for the first time, could put an end to a historic left-wing political era in the region. Will that really happen?

The latest report by the economic think tank Ecolatina summarizes these trends well.

It recalls that CEPAL (the Spanish acronym for the Economic Commission for Latin America and the Caribbean) has reduced the expected Latin American growth from 2.7 to 2.2 percent, due to the problems of South American countries, especially its three most important markets: Brazil, Argentina and Venezuela.

There are many reasons to explain this trend. External, such as reduced world commodity prices, a stronger dollar, the slowdown of the Chinese economy and expectations of an interest rate increase in the United States. And, of course, domestic ones, relatively different in each country. Read Article