Source page: McKinsey & Company
Commentary
Latin American executives' confidence in the economy drops
COVID-19 | Economy | Latin America
February 2, 2021 – Across the private sector in Latin America, executives’ confidence dipped in January—a stark contrast to the more optimistic outlooks reported in December. Our new survey delves into the reasons why they now expect decreases in both demand and profits within the next six months.
To read the survey, see “The coronavirus effect on global economic sentiment,” January 29, 2021.
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Visual form
Two-panel slope chart.
Layout / body structure
The chart is split into two side-by-side mini-panels: one for demand for companies’ products or services and one for companies’ profits. Read each panel from December 2020 to January 2021, then compare the solid Latin America line against the dashed Total line.
What is being compared
The chart compares the share of respondents expecting increases over the next six months for two business outlook measures: product or service demand and company profits. Within each panel it also compares Latin America against the overall survey total.
Measurement system
The measurement is percentage of respondents expecting increases. Each panel uses the same vertical scale with labeled reference lines, and the filled versus open markers distinguish the regional line from the total benchmark.
Visible structure inside the graphic
Each panel contains two short diagonal line segments connecting December 2020 to January 2021. The solid blue Latin America series starts higher and falls more steeply, while the lighter dashed Total series moves only slightly and stays above Latin America by January.
Main takeaway from the visual
Latin American executives turn materially less optimistic between December and January, and by January their outlook sits below the overall total in both demand and profit expectations. The steep downward slope in the regional line is the dominant visual signal in both panels.
Key standout values or extremes
For demand, Latin America falls from roughly 75 percent in December to about 53 percent in January, while the total holds near the upper 50s. For profits, Latin America drops from the low 70s to the high 40s, whereas the total stays in the mid-50s, making the profit panel the sharper deterioration.
Controls / sequence, when applicable
This is a static chart image with no in-chart controls to operate.
Companion media, when applicable
There is no separate companion audio or video; the chart image is the full visual on this page.