For Brazil, Argentina and Chile, but also for the German economy, the trip sends an important signal.

Mercosur was divided at the most recent summit. Brazil urgently needs to provide impetus for a new integration of South America.

For four years, the country was an international pariah. That is changing. The German economy should keep an eye on Venezuela again.

A more agile funder with more risk appetite and capital would be an asset to the region.

The country’s democratic institutions have recently been put to the test, but they have held their ground.

Growth prospects are dimming, but the region is already much further ahead than Europe or the USA in fighting inflation.

Right-wing conservatives will dominate Congress and the states, even though a new president has not yet been named.

With 2.6 percent GDP growth, low unemployment, a stronger real and high investment inflows, the outlook is favorable.

Ahead of the constitutional decision in Chile and the elections in Brazil, investors are hesitant to commit. The outlook for growth is also gloomy.

The inauguration of President Petro in Colombia, the referendum on the new constitution in Chile and crucial elections in Brazil are on the horizon.