Latin America trends 2018: ICT will start to find its feet again

As Latin America makes sense of the political turbulence created by the Trump administration, IT and especially fintech seem to offer a future

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At the start of 2017, the entire Latin American region, and specifically Mexico, was shrouded in a state of confusion. The election of US President Donald Trump had cast doubts over the region and its relationship with the US amid talk of walls and America first.

2016 was a healthy year for ICT investments in Mexico, Brazil, and other markets throughout the region but the US and global political climate of January 2017 meant that businesses needed to take a moment to re-evaluate the landscape before making a move.

While it would be wrong to say the political and business landscape is stable or calm, 2017 appeared to be a year where Latin America started to make sense of the turbulence and look at how to move forward.

IT investment is ramping up in key markets

Brazil is putting a lot of faith in its IT sector. In March, the government announced a joint investment with chipmaker giant Qualcomm to the tune of $200 million to construct a semiconductor manufacturing plant in the country. While it’s a big investment, the Qualcomm facility is expected to employ around 1,200, which will only slightly chip away at the country’s 13% unemployment rate.

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