Latin America’s Horrible Year

It’s been a brutal year for Latin America.

Barring a major last-minute rally, 2015 will be the worst year for the region since the global recession in 2009 when the economy in the region shrank 1.2%.

And Latin America is arguably the worst performer this year among all developing regions too — including Southeast Asia, the Middle East, sub-Saharan Africa and eastern Europe.
All those regions are expected to grow this year while Latin America’s economy shrinks 0.2%, according to the IMF’s estimates.

The region’s troubles are largely driven by blunders of Brazil, the largest Latin American economy and one that’s deep in a recession.

via CNN

Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza