UNASUR

Rethinking Financial Diplomacy in South America

Wednesday, May 10, 2017 - 18:30

Following two consecutive years of recession, 2017 may mark a turning point for South America. Simultaneously mired by political scandal, high inflation, growing government debt, increasing unemployment and declining output, politico-economic turbulence in Brazil has dragged down economic activity on the continent. Though, while the new Brazilian government introduces fiscal reforms with a renewed commitment to growing the economy, there are no guarantees that Brazil’s re-emergence will necessarily benefit its neighbours if it continues its approach to regionalism.

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