Why Spanish firms have cooled towards Latin America
Slow growth and messy politics are largely to blame
Few economies performed as well as Spain’s in 2024. Latin America’s investment-promotion agencies might have been expecting an influx of euros from the Iberian peninsula, with the rising profits of Spanish firms spilling into Latin America as investors expand in markets that are culturally and linguistically familiar.
This article appeared in the The Americas section of the print edition under the headline “Turning off the tap”
From the January 4th 2025 edition
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