2018 Annual Forecast

Americas

The Americas stretch from the Arctic Circle in Canada to the southern tip of Chile. This geographically, culturally and politically diverse region is home to the United States, a nation whose geography helped it become the foremost economic and military power in the world — an ascendance aided in part by bringing Mexico and Canada into its sphere of influence. Farther south, the nations of South America are like islands, separated by vast spaces of impenetrable mountains, rivers and jungles. Try though these countries may to integrate more closely, deeper ties such as those that characterize North America will prove elusive.
Dec 22, 2017 | 15:11 GMT
This geographically, culturally and politically diverse region is home to the United States, a nation whose geography helped it become the foremost economic and military power in the world

This geographically, culturally and politically diverse region is home to the United States, a nation whose geography helped it become the foremost economic and military power in the world

(FRANCK FIFE/AFP/Getty Images)
section Highlights
  • In 2018, U.S. President Donald Trump's administration will try to implement more of the protectionist trade agenda it unveiled in 2017. Though the possibility remains that the United States could unilaterally withdraw from the North American Free Trade Agreement, the deal's supporters would turn to Congress and the federal courts in that event to prevent NAFTA's demise.
  • Dissatisfaction with the political status quo will influence presidential races in Mexico, Brazil and Colombia.
  • Brazil and Argentina, South America's two biggest economies, will take advantage of their pro-trade governments' remaining time in office to forge deeper trade ties with other economic blocs and countries.
  • As the United States and its Latin American allies press for free elections in Venezuela under the threat of further sanctions, Venezuelan President Nicolas Maduro's administration will resist any efforts to erode its authority while trying to mitigate the fallout from the country's rapid economic decline.
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