Latin America Relatively Insulated From Red Sea Trade Disruptions, But Still Vulnerable To Energy Price Spike
Country Risk / Latin America / Tue 13 Feb, 2024
Key View
- If the Israel-Hamas war were to expand into a regional conflict and have a meaningful impact on global oil prices, it would place pressure on inflation rates in Latin America and likely delay or reverse rate cutting cycles.
- That said, compared to other regions of the world, we believe that Latin America is relatively insulated