The economies of Latin America are finally turning a corner. After a few painful years of recession the region should return to growth in 2017. This turnaround is due to shifts in policy in Brazil and Argentina. Both countries have worked on controlling debt. Business and consumer surveys are showing a pickup in confidence.

Brazil was the strongest performing equity market drawing support from higher commodity prices. The Mexican economy is also in good shape underpinned by a strong labour market and low interest rates. Mexican equities will however be affected by the policies of newly elected President Donald Trump.

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