Is Latin America Stuck?

In a time of geopolitical upheaval, few parts of the world have weathered greater social and economic upheaval than Latin America. Despite accounting for just eight percent of the world’s population, Latin American countries have suffered more than 40 percent of all deaths from COVID-19; during the first year of the pandemic, they also experienced their greatest economic contraction in more than a century. Then, just as the region was making an economic rebound, it was hit by the twin shocks of Russia’s war in Ukraine and a global inflation crisis. As of October 2022, average inflation across the region