“Latin American countries are experienced with inflation – even hyper-inflation – and that is in the DNA of the people,” Philippe Gijsels, chief strategy officer at BNP Paribas Fortis tells Euromoney. “We are coming out of a world [in developed markets] that, since 1982, inflation has been falling until it was almost non-existent. These people have never experienced an inflationary cycle – it’s something completely new – so it is a mental and philosophical advantage to be operating in a world that’s had experience of inflation.
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