Oliver Stuenkel
June 23, 2022
Commentary
As the war in Ukraine passes the one-hundred-day mark, few regions have escaped the conflict’s economic fallout, and Latin America is no exception. Russia’s invasion has a profound impact on people’s lives in a region that suffered enormously during the coronavirus pandemic, with a dramatic increase in poverty levels and a reversal of progress made in areas such as public education. With China’s coronavirus lockdowns once again disrupting global supply chains and rising U.S. interest rates prompting investors to leave emerging markets, including those in Latin America, the war in Ukraine risks being, for several countries in the region, the straw that breaks the camel’s back and produces political instability across the region. Three issues stand out as…
