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Latin American Economy & Business - September 2015 (ISSN 1741-7430)

Storm clouds gathering?

August and September have been difficult months for Latin America and the Caribbean. Yuan devaluation and a collapse of Shanghai stock exchange prices have renewed worries about a slowdown in the Chinese economy. Partly because of that, the much-discussed interest rate hike by the US Federal Reserve, widely anticipated for September, has been postponed, perhaps to later this year or early 2016. While the delay could be seen as good news, uncertainty over global interest rates will continue to fuel investor caution over emerging markets and keep Latin American currencies weak. Finally, as the Brazilian government struggles with a major political crisis, the recession there looks like getting deeper, with negative effects rippling across the continent.

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