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Economy

Can Latin America's Economy Rebound? Keep An Eye On Brazil

Capital flows back into Latin America suggest Brazil's economic free fall may have stopped.

Posters advertising jobs in the Brazilian city of Sao Paulo
Posters advertising jobs in the Brazilian city of Sao Paulo
Darío Epstein

BUENOS AIRES — Over the past two years, Latin America has experienced one of its worst drops in economic activity since the "80s. And Brazil, the regional giant, has a lot to do with it.

Brazil has been mired in a recession that's even worse than the one it suffered before the currency devaluation of January 2002. The recession has had a spillover effect, stunting GDP growth throughout the region.

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FOCUS: Russia-Ukraine War

The "Corrosion" Strategy: How Ukraine Targets Russian Networks And Morale

Russia continues to shrink its ambitions in Donbas, as Ukraine doubles down on its strategy of guerilla attacks, interrupting supply and communication contacts and ultimately undermines the morale of the enemy.

Ukrainian soldiers sitting atop a tank in Donbas on May 22

Clemens Wergin

For years to come, military experts will be studying how Ukraine managed to push back a far stronger enemy and grind Russia’s major offensive in the east of the country to a halt.

Some military strategists are already trying to find a term to sum up the Ukrainians’ success. Australian military expert and retired army major general Mick Ryan credited Kyiv's stunning showing to "the adoption of a simple military strategy: corrosion. The Ukrainian approach has embraced the corrosion of the Russian physical, moral, and intellectual capacity to fight and win in Ukraine.”

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Ryan argues that while the Ukrainians have used the firepower they possess to halt the Russian advance, while aggressively targeting their enemy’s greatest shortcoming. “They have attacked the weakest physical support systems of an army in the field – communications networks, logistic supply routes, rear areas, artillery and senior commanders in their command posts,” Ryan wrote.

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Central to the tragic absurdity of this war is the question of language. Vladimir Putin has repeated that protecting ethnic Russians and the Russian-speaking populations of Ukraine was a driving motivation for his invasion.

Yet one month on, a quick look at the map shows that many of the worst-hit cities are those where Russian is the predominant language: Kharkiv, Odesa, Kherson.

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