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In this CNN interview, senior fellow Liliana Rojas-Suarez analyzes the impact of financial weaknesses in China and anticipated further increases in US interest rates on the stability of Latin American countries. In Liliana’s view, these external developments are exposing Brazil’s existing macroeconomic fragilities and hurting the country’s capacity to grow and maintain price stability. In contrast, countries with sound economic policies such as Colombia, Chile, Mexico and Peru, while still affected by international conditions, are showing much greater resilience. However, in the still low-probability scenario of a significant slowdown in China, the entire region would be severely affected.