The IMF's Alejandro Werner covers economic growth prospects from Venezuela to Brazil to Mexico. ... Play Video
Latin America should be growing at 2-3 percent, said the International Monetary Fund's Alejandro Werner at an AS/COA event on January 26. Instead, the Fund expects the region to contract 0.3 percent in 2016. Leading the downturn are Venezuela and Brazil, as well as China's reduced demand for commodities and the yuan’s drop.
Experts discussed the economic and political future of the country in two panels. ... Play Video
Luis Bitencourt, Professor of National Security Affairs, Center for Hemispheric Defense Studies, National Defense University
Monica de Bolle, Nonresident Senior Fellow, Peterson Institute for International Economics
David Fleischer, Professor Emeritus of Political Science, University of Brasilia
Samar Maziad, Vice President, Sovereign Risk Group, Moody's Investors Service
Elcior Santana, Director, Brazil Studies Program, Georgetown University
Claudia Trevisan, Washington Correspondent, O Estado de São Paulo
Brian Winter, Editor-in-Chief, Americas Quarterly
Eric Farnsworth, Vice President, Americas Society/Council of the Americas (moderator)
Two expert panels discussed what is in stock for the Brazilian economy and the possibilities for the country's political path in 2016.
In the first discussion, panelists talked about Brazil's fiscal policy, the devaluation of the real, and inflation trends. Brazil lifted nearly 40 million out of poverty in the last decade but faces one of its deepest recessions, and economist Monica de Bolle said the country "squandered the [commodities] boom." Moody's Samar Maziad sees no sign of reversal in the country's growth deterioration, but Georgetown University's Elcior Santana highlighted optimism for the long run.