Nevertheless, investors seem to choose the region because of the size of the domestic markets.

If the region can become an attractive alternative by improving the business climate, infrastructure, and logistics.

Washington is struggling to gather the region’s heads of state for the Summit of the Americas. The countries have been neglected too much – a warning for the EU as well?

Because of its wealth of raw materials, energy resources and agricultural products, the region is becoming hotly sought after – this development must not be overlooked.

Despite omicron and high inflation, foreign investors are betting on the region. This increases purchasing power, among other things.

In the current confrontation of China and Russia with the West, South America could move away from Europe.

Brazil, Argentina and Peru have now the opportunity to become more attractive as business and investment locations through OECD membership.

However, individual economists see high inflation as a greater threat to growth in the region than the new covid wave.

At the same time, digital transformation could bring much-needed productivity gains to the region.

Growing government services, financed by higher taxes or larger budget deficits, could slow the economic recovery.