Companies that want to remain competitive in South America will have to invest heavily. Some don’t want to risk that in view of the unclear scenario.

Whether Latin America can benefit from the growth of the global economy depends on how quickly the pandemic is contained in the region.

There are increasing signs that prices for raw materials and energy are rising. This could become a driver of growth and investment in Latin America.

Hope is growing in Latin America. Despite a renewed rise in the number of infections and still unclear growth prospects, investors are back.

A renewed rise in infections would be catastrophic: all economies have recovered in the last three months. But now activities are stagnating again.

Latin America has become more important for the US. Washington is therefore adapting its policy. This process will continue – regardless of who will win.

A muted recovery of capital flows to the region, moderate growth prospects and continued pressure on local currencies are expected for 2021.

2021 should become the key year for Latin America. After that, it should be clearer whether the region is threatened with another lost decade like the previous one.

The OECD has just noted that among the world’s largest economies, Brazil is the country with the most signs of expansion in August – after China.

It seems that Latin America is being bypassed in the reorganisation of global value chains and at the same time is moving further away from Europe.