Americas Economic overview

June 2017

The political uncertainty facing Latin American countries such as Brazil and Venezuela remains a concern for their gas sectors.

Brazil’s financial markets have been hit by the escalating corruption allegations surrounding the country’s president, Michel Temer, which could delay reforms to the oil and gas sector. The crisis could also further weaken Brazil’s economy, which in turn will dent the demand for gas from industry.

Brazil’s GDP shrunk by 0.4% in Q1 2017, marking its 12th consecutive quarter of contraction. The International Monetary Fund (IMF) expects the...

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