Faced with the problems presented by the Latin American economies last year and part of this 2021, with higher levels of public debt and fiscal problems, the rating agency Moody’s He estimates that in the next 12 to 18 months, the region’s credit outlook already has a stable outlook.
(See: Exports of Colombian and Latin MSMEs, the way out of the crisis).
This is because, according to the agency, this outlook reflects the balance of a relatively fast recovery and debt stabilization amid growing risks, and represents a favorable change from the negative outlook in 2021.
(See: The other agreements and commitments that were reached at COP26).
As Moody’s indicates, despite the fact that economic growth rates will be lower next year, compared to those seen in 2021, Most Latin American countries will have already recovered the levels of Gross Domestic Product (GDP) prior to the pandemic during 2022. This, while Samar Maziad, vice president of Moody’s, points out that “we project a reduction in fiscal deficits and a gradual stabilization of debt ratios while the fiscal measures implemented to counteract the effects of the pandemic and improve the performance of government revenues ”.
The rating agency warned of social tensions and political risks, and said that “countries with extensive social safety nets and adopting more effective public policies will be better positioned to manage these conditions”.
(See: Supply crisis: the products that would be in short supply in Colombia).
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