Barclays sees Brazil and Mexico in ‘better’ position in Latin America, despite commodity slump

According to the bank, the most vulnerable Latin American countries appear to be metals producers Peru and Chile, as copper prices have fallen more than 20 percent since the beginning of the year.

RIO DE JANEIRO, BRAZIL - The drop in commodity prices in recent days poses new challenges for Latin America. Still, the risk varies by country, and Brazil appears to be in a "relatively better" position, Barclays said in a report.

"Mexico and Brazil appear to be in a relatively better position as they assume lower current account deficits and low domestic demand growth contains potential pressures," the bank said in a recent report.

According to the bank, the most vulnerable Latin American countries appear to be metals producers Peru and Chile, as copper prices have fallen more than 20 percent since . . .

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