06 May
LatAm has not hit the bottom: S&P
The Latin American economy will likely weaken further in the next few months, putting additional pressure on sovereign credit ratings across the region, Standard & Poor’s managing director Jane Eddy said on Wednesday.
Some positive economic signs in Asia have been raising hopes that commodity-exporting countries in Latin America could also get an economic boost from renewed demand for raw materials, but Eddy said that impact is still not clear in the region.
“By large what we have seen in Latin America is that the impact happens with the lag of a couple of months, so I would predict that we have not hit bottom yet,” Eddy told the Reuters Latin American Investment Summit in New York.
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