Market Trends 2020/21: Latin America

Summary

This practice note examines the 2020–2021 market trends for the largest Latin American economies, including Brazil, Mexico, Argentina, and Colombia, and provides a market outlook for the remainder of 2021, subject to COVID-19-related caveats. Certain trends that began prior to the pandemic seem to have been accelerated throughout the past year, including adverse trends towards greater instability and volatility in certain jurisdictions, as well as market-friendly trends such as greater interest in environmental, social, and governance (ESG) financing. Though we are looking forward to a post-pandemic future, increased uncertainty is likely to continue to affect the markets for some time.