Latin America in 2023: Five Trends to Watch
By
Oliver Stuenkel
Instability, anti-incumbent voting and a tough macroeconomic environment are here to stay.
SÃO PAULO — Latin America’s political landscape in 2022 was dramatic. Colombia and Brazil presented nail-biting and course-altering elections, instability deepened in Peru, and democratic backsliding continued, particularly in Central America. Meanwhile, the region’s 2022 growth rate is expected to land at 3.5%—slightly above the global 3.2% average and only a modest recovery from the economic carnage of the pandemic. Looking ahead to 2023, the region can expect continued instability. First, the global macroeconomic and geopolitical environment is unlikely to improve...
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