Latin America has dealt with the inconsistencies of growing economic competency, and with the region's fluctuating economic stand, they are considered to be at the low end of the countries that will face a slow economic start this 2016.

According to CNN Money, Latin America, in a span of 11 days, has already felt the impact of high inflation rate, falling currencies and commodities as well as the great power struggle. Still reeling from last year's worst market performer, the region is highly regarded as one who will suffer at the beginning o f the year.

 

For five consecutive years, the Latin America region has posted the lowest improvement in economic stability. World Bank has given their verdict on the future of its economic stand, saying that the region may not flourish at all this 2016.

Despite the World Bank's prediction, the International Monetary Fund (IMF) gave a subtle prediction that growth is possible within the range of below one percent. The predictions may be the same or become worse in the years ahead as several factors are seen to contribute on their economic plummet. Brazil's recession has not recovered since it posted its worse from 1930. Corruption is seen as the top culprit in Brazil's never ending recession.

Venezuela's struggle to cope with a new administration has resulted into shrinking its economy by 10 percent last year. After Venezuelans voted for Nicolas Maduro as their new president, their hope for change, equality and improvement went to the drain. Maduro, after he was sworn as the new president, went on to change the state's judicial party in hopes of blocking any new laws that the newly elected congressmen may submit.

In 2015, the majority of the Latin America region went into recession, and from 2010, the gross domestic product of the region went from six percent to -0.2 percent struggle. The Mexican Peso then dropped to an all-time low value.

Last year, $1 is equivalent to 14 pesos; this year, however, the currency dropped to 18 pesos a dollar. This comes as a big risk in the region as the peso is seen as one of the most traded emerging market currency. Commodities in larger parts of Latin America also dropped to a new low. Chile and Peru, for instance, suffered huge on their copper and aluminum business when it dropped to seven percent and one percent respectively. The decline on business in the oil industry brought on the biggest impact as it largely pulled the region to a new low.