The economic outlook for 2026 is stable and slightly positive. Politically, the continent is facing a change of direction due to several elections. The influence of geopolitics is likely to increase further.

It is still unclear where the US customs policy toward the region will ultimately lead. The future of the EU’s free trade agreements with Latin America also remains open.

The chances of this are good. Global interest in the region is growing and it remains stable in a world of increasing crises.

Guyana, Brazil and Argentina are increasing production, while Ecuador, Mexico, Colombia and Venezuela are losing ground.

Brazil’s Amazon clearing is falling again for the first time. At the same time, President Lula wants to unite South America’s governments to save the rainforest.

It could bring about comprehensive improvements in the framework conditions for the economy and trigger a growth spurt.

Four weeks after the Minister of Economy, the President Gustavo Petro comes to Berlin.

Minister of Economy Umaña visits Germany and promotes the sustainable industrialization of the country.

Despite economic growth of 2.1 percent, policymakers plan to counter the slowing economy with interest rate cuts.

In South America, the democracies were able to hold their own: This is particularly true of Brazil, Colombia and Chile.