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Ratings agency Fitch Ratings forecasts a decline in economic growth across Latin America this year amid dampened demand, high borrowing rates and considerable exposure to China and the U.S., which are also facing a slowdown. Fitch Managing Director Shelly Shetty said that expected declines in larger economies like Mexico and Brazil have weighed down the region's overall forecast. Fears over a recession in Argentina under the new government of Javier Milei also had an impact.

United statesJuana casasIsabel woodfordShelly shettyJavier mileiFitch ratingsLatin americaManaging director shelly shettyMarguerita choy