Latin America : existing growth headwinds to prevail over rising commodity prices

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      <subfield code="a">High commodity prices typically boost growth momentum in Latin America. This time round, however, a backdrop of high inflation, tighter financial conditions and elevated political uncertainty will likely outweigh positive effects and we expect 2022 to be a year of just lackluster economic growth. With little buffer, fiscal action will be limited to mitigating the impact of price rises for staples.</subfield>
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