Ignacio Saralegui, Senior Investment Strategist, Vanguard Latin America
Bárbara Grande, Investment Strategist Analyst, Vanguard Latin America
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High inflation has led to a marked slowing in global economic activity. The rapid monetary tightening aimed at bringing inflation down will ultimately succeed, but at a cost of a recession in many economies. Financial markets have begun to price in our somber economic forecast and tensions in the banking sector are symptomatic of this stage of a hiking cycle.