Latin America is considered one of the most affected countries with the pandemic in the world.
It’s clear that the politics have been deeply affected by the virus, but this will become more evident when the two elections take place this weekend.
On one hand, Peru will have a tight competition for the president between 2 polar extremes. And on the other hand, Mexico is currently facing the most controversial transformation that was proposed by the President Andres Manuel Lopez Obrador, through a midterm voting in which the control of congress is in danger.
The votes will happen against event of political troubles across the region, starting from Chile’s effort to rewrite its constitution, all the way to the street protests in Colombia which have been deadly. Even in Brazil, there are some political issues in regards to President Jair Bolsonaro and his handling of the pandemic.
Peru has been a country that for many years has had a decent economic increase which helped with the poverty, however now, the outcome is the emergence of a union organizer and school teacher Pedro Castillo, as a contender in Peru.
According to Jim Wyss and Maria Cervantes, Castillo will face Keiko Fujimori – the daughter of a formed jailed president, in a competition that deals with the ongoing requests for change in Latin America.
All of this proved to create a chaos. Due to the change of politics, investors are advised to be cautious since currencies and stocks react strongly to such political events.