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“ This is a region that has proven many times in the past that it can go forward. “ I would say that we will get out of this problem the Latin way, in the sense that is not a straight line… a very complex cycle because of the pandemic, as well as because of the political situation and people feeling the pressures of an economic, health and social crisis,” explains Ávila, who feels that the future might not be as bleak as some pessimists believe. So, how does the region make its way back to growth? Avila is worried, but not an alarmist. Not surprisingly, homicide rates are exploding, much of it as a result of organized criminals taking advantage of widespread discontent and lawlessness,” notes Altamar’s Muni Jensen. News is dire on the economic front, with expected GDP at double digit negative numbers. “COVID put the brakes on all the good numbers, even more than the rest of the world. The numbers tell the story of a worsening Latin America. However, the global pandemic has brought growth to an abrupt halt, catapulting even the most stable countries onto a path of crippling decline. Latin America made important economic progress in the first decades of the 2000’s, as many of the countries in the region took strides towards more equality, economic prosperity and personal freedoms. He is an economist and has held various positions in the news industry as a foreign correspondent, columnist, op-ed writer and many more, offering one of the most balanced voices in Latin American politics. Ávila has authored several books, one of which is titled Latin America and the Domino Effect.
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He joins hosts Peter Schechter and Muni Jensen on Altamar’s latest podcast episode to discuss the growing crisis in Latin America. Ricardo Ávila, a respected Colombian journalist and advisor to governments, multilateral institutions, and news organizations, is the former Editor in Chief of Portafolio, Colombia’s respected business publication. There is growing restlessness on the streets: what lies in store for Latin America? Guest: Ricardo Ávila, Colombian journalist, former Editor in Chief of Portafolio, and author of Latin America and the Domino EffectĮconomies crushed by COVID, corruption, inequality and incompetence are weathering a perfect storm.