Coronavirus may sideswipe Chile and Brazil economies, Wall Street

The coronavirus outbreak in China may be altering the 2020 investment outlook for Latin America, souring sentiment toward regional free market beacons Chile and Brazil, while turning heads and cash toward left-leaning Mexico, according to Goldman Sachs. Bank of America Merrill Lynch’s (BAML) latest monthly survey of 52 Latin American fund managers showed that 56% say slowing growth and commodities demand in China is the biggest risk to the region. On the other hand, 27% say the economic situation in Chile will deteriorate over the next six months.

Source: Reuters