LatAm growth slows as Argentina eyes a silver bullet

Date: Friday 8 September 2023

Growth dynamics across the region’s largest economies are diverging. Mexico’s delayed recovery will support its overperformance, while most countries are already feeling the impact of policy tightening. Resilient consumption in some countries and new shocks to commodity prices could compromise the speed of monetary policy normalization, which has already begun. Argentina’s surprise presidential front-runner opened the door to a possible dollarization that revived an old ghost. We will discuss the potential path to its implementation and the degree of success it could achieve.

Joan Domene

Chief Economist for Latin America

+52 55 7100 1824

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Private: Joan Domene

Chief Economist for Latin America

Mexico City, Mexico

Felipe Camargo

Senior Economist, Latin America

+52 55 7100 1823

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Felipe Camargo

Senior Economist, Latin America

Mexico City, Mexico

Felipe is a Senior Economist at Oxford Economics, based in Mexico City. Born in Brazil, he is currently responsible for the macroeconomic forecast for Argentina and Chile, as well as bespoke research for Emerging Market economies, with a focus on Latin America. Prior to joining Oxford Economics in 2019, Felipe worked as a macro strategist for Brazil’s third biggest pension fund, Funcef. He currently holds an MSc in economics from Fundacao Getulio Vargas (FGV), in Rio de Janeiro, Brazil.