Turning pink again

Between the waves (3): economic weakness darkens the horizon

The first wave of the pink tide was enabled by the extra revenues generated by the global commodity boom in the 2000s and the early 2010s. A repeat of that boom looks unlikely in the 2020s. On the contrary, in general terms the region's economic outlook is now more troubled, as countries struggle to respond to the negative shocks caused first by the pandemic, second by global economic tensions between the US and China, and third by the war in Ukraine. While some analysts see a positive side to the current difficulties, arguing that the absence of any easy economic solutions will increase the chances of genuine reforms being implemented to enhance competitiveness, the reality is that any current or future left-wing administrations face potentially daunting challenges.

End of preview - This article contains approximately 718 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.