# What a year of elections means for Latin America's economies | World Economic Forum

> A World Economic Forum piece by Itau's chief economist says Latin America holds elections in 2018 in Colombia, Mexico and Brazil. It forecasts modest GDP growth and contained inflation in those countries. It expects the Brazilian real and Colombian peso to depreciate modestly if there are no major shocks.

- Date: 2018-01-01 · published 2018-01-01T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/67246-what-a-year-of-elections-means-for-latin-america-s-economies-world-economic
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Currency weakness in Brazil and Colombia would make dollar-priced feed ingredients cheaper for local buyers, while election outcomes could shift policy. The impact on commodity prices is limited.

## Read by commodity

- USDBRL: bullish ▲
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2024-10-30 | [Latin American Currencies Dip As Mexican Peso Hits Two-Year Low - Finimize](https://feedsoft.ai/events/28093-latin-american-currencies-dip-as-mexican-peso-hits-two-year-low-finimize.md) | +0.8% | +2.6% |
| USDBRL | 2024-08-30 | [Latin American Markets Take A Hit As US Data Shifts Fed Expectations - Finimize](https://feedsoft.ai/events/29083-latin-american-markets-take-a-hit-as-us-data-shifts-fed-expectations-finimize.md) | -0.8% | -3.6% |
| USDBRL | 2022-07-29 | [The strengthening of the U.S. dollar against the Latin American currencies - Latinoamérica 21](https://feedsoft.ai/events/40785-the-strengthening-of-the-u-s-dollar-against-the-latin-american-currencies.md) | +0.0% | -1.9% |
| USDBRL | 2021-12-09 | [Strong dollar weighs on Latin American currencies \| Financial Post](https://feedsoft.ai/events/43821-strong-dollar-weighs-on-latin-american-currencies-financial-post.md) | +3.1% | +1.5% |
| USDBRL | 2020-10-29 | [Latam FX fails to shake off virus, election worries \| Financial Post](https://feedsoft.ai/events/50920-latam-fx-fails-to-shake-off-virus-election-worries-financial-post.md) | -1.5% | -6.3% |

## Sources

- weforum.org: https://www.weforum.org/stories/2018/01/2018-latin-america-election-growth-colombia-mexico-brazil/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.