May 19. After being battered by the pandemic like few regions in the world, Latin America finally has some tailwinds at its back.
Soaring commodity prices are bolstering exports for many countries while the push by multinationals to shorten and fortify their supply chains is prompting many of them to consider building new factories in the region. There are plenty of risks still: unemployment remains high, poverty has surged, populations are demanding political change across the region and the Federal Reserve is draining cash from the global economy.
At Bloomberg’s inaugural New Economy Gateway Latin America event in Panama City, just a short ride from the century-old canal that transformed global trade, speakers are debating the post-pandemic growth outlook as well as the preparation work needed to confront the next public health crisis, the transition to green energy and the case for cryptocurrencies in the region, among other topics.
The president for Marriott International, Craig Smith, said the company aims to double the number of its hotels in Latin America within 3 to 4 years. With 300 hotels already in the region, Smith said plans are underway for at least another 100.
Source: Business Times