Question 1

As of April 2026, what was the year-on-year inflation rate in Argentina, and how did it compare to the previous month?

Accepted Answer

32.6%, a decrease from 33.1% in February.

Question 2

In January-April 2026, Chile's mining sector experienced a significant year-over-year increase in export value. What was this percentage increase, and what proportion of total national exports did mining account for during this period?

Accepted Answer

19.6% increase, accounting for 59.4% of total national exports.

Question 3

According to a report released in April 2026, what was the projected GDP growth rate for Latin America and the Caribbean in 2026, and what factors contributed to this forecast?

Accepted Answer

2.2%, due to geopolitical tensions, higher oil prices, tighter financial conditions, and weaker global trade.

Question 4

In the first quarter of 2026, foreign direct investment in Colombia saw a notable decline. By what percentage did it fall compared to the same period in the previous year, and what does this signify?

Accepted Answer

10%, bringing capital inflows back to levels not seen in five years.

Question 5

The EU-Mercosur Partnership Agreement, provisionally applied on May 1, 2026, aims to create one of the largest free trade zones. Which of the following countries are members of Mercosur involved in this agreement?

Accepted Answer

Argentina, Brazil, Paraguay, and Uruguay.

Question 6

As of March 2026, Peru's GDP growth forecast for 2026 was revised downwards due to several supply shocks. What was the revised forecast, and what were two of the identified domestic supply shocks?

Accepted Answer

2.9%, due to deteriorating weather conditions and a domestic gas supply squeeze.

Question 7

In early 2026, Chile's copper export value increased despite a drop in production volume. What was the primary reason for this increase in export value?

Accepted Answer

A significant surge in average copper prices.

Question 8

Regarding Brazil's economic reforms effective January 1, 2026, what significant change was implemented concerning taxation?

Accepted Answer

An increase in the taxation of Interest on Net Equity (INE) payments from 15% to 20%.

Question 9

In March 2026, the World Bank projected Peru's GDP growth for the year to be 2.7%. What factor was noted as adversely affecting this growth, despite continued favorable export commodity prices and positive business confidence?

Accepted Answer

The global oil price shock stemming from the Middle East conflict.

Question 10

What was the projected primary fiscal balance for Brazil in 2026, according to Fitch Ratings in February 2026, and what measures were in place to achieve it?

Accepted Answer

A primary deficit of 0.2%, with revenue measures including increased taxes on fintech and gambling.

Question 11

By May 2026, the EU-Mercosur trade agreement had provisionally taken effect. What is a key benefit for EU exporters under this agreement?

Accepted Answer

Elimination of duties on 91% of EU exports to Mercosur markets.

Question 12

As of April 2026, Venezuela's economy was experiencing a projected acceleration in growth. What was the primary driver behind this anticipated economic improvement?

Accepted Answer

A significant projected rise in oil revenues, by 76.8% from 2025 levels.

Question 13

In March 2026, Colombia's central bank raised interest rates by 100 basis points. What was the stated reason for this action, and what impact was it expected to have on economic growth?

Accepted Answer

To combat inflation that remained well above target, which was likely to hamper growth.

Latin America's Financial Crossroads: Inflation Peaks, Trade Deals Signed, and Copper Prices Soar in 2026 Headlines

More Study Guide Study Sets