Is South America on the brink of a new commodity super-cycle?
Global demand for raw materials and business-friendly governments are raising hopes of a new boom. Swiss companies also sense great opportunities.
A new economic boom is expected in Latin America driven by global demand for raw materials and business-friendly governments. According to a survey by the German Chamber of Industry and Commerce, 58% of companies operating in the region expect better business, surpassing the global average of 43%. The region's geographic distance from major geopolitical conflict zones, abundant raw materials, and the EU-Mercosur agreement are cited as reasons for optimism.
Switzerland Global Enterprise and other financial institutions, such as Van Eck and Citigroup, also foresee opportunities for growth, with some predicting a multi-year investment cycle.
Written by urgent.news from NZZ Wirtschaft's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
