Juan Cerruti, Santander's Chief Global Economist, discusses the main challenges the global economy faces in 2025. 

Chile is on its way to trend growth and a neutral monetary policy.

The Mexican economy faces significant challenges in 2025, but also opportunities to attract more foreign investment and improve living standards.

The organization of the economy has begun to show favorable results in 2024 and is expected to continue this trend in the new year.

The country's strategic reform program promises simplification and introduces an innovative electronic collection system.

The United States and Mexico are benefiting from the relocation of businesses, as part of the nearshoring revolution, but Christiana Riley, Regional Head of North America, believes the economic benefits can boost many countries across Latin America. 

With more than 76 million customers, Santander has established itself as the leading bank in the region with initiatives that leverage our operating model and global technology capabilities, according to Carlos Rey, regional head of South America.

Mexico is already the United States’ largest trading partner but a greater emphasis by SMEs on exporting agricultural products would generate even wider economic benefits.

Mexico seeks to strengthen its position as main trading partner of the US.

Argentina is brimming with natural resources and tech talent.

Structural reforms and stronger institutions powering Brazil forward.

Commodities, renewable energy and green hydrogen will power exports.

Tackling inflation which soared to 211% last year is top priority in 2024.

Brazil will experience a mild economic slowdown in 2024, but monetary policy is likely to revitalise credit and capital markets.

Chile is heading for monetary policy normalization in 2024.

GDP growth in 2024 should be better than the average for the past 30 years, boosted by falling inflation and interest rates.

The global economy has lately been typified by high volatility, with supply shocks and growing geopolitical risks.

At Grupo Santander, Latin America is in our DNA and today we are the leading bank in the region, where we landed 75 years ago.