This year, investors remained on edge over a possible energy crunch as well as a global debt crisis in China, which is a major export destination of Latin America. A recent surge in oil prices raised concerns about high inflation, which could stifle economic growth in emerging market countries. China announced its 2021 global growth forecast for a week on Tuesday, trimming the forecast by 5.9% from a previously estimate of 6.0%, with China's cut by 0.1 point to 8.0%. Stocks in the region were mixed, with those in Mexico and Argentina winning 1%, pushing the latter off their highest levels in over eight months, while main indexes in Chile and Colombia increased 0.5% and 0.3%, respectively. The IMF is concerned that rising prices will trigger central banks into tightening cycles which could trigger a sell-off of global equities, said Edward Moya, senior US market analyst at OANDA. An index of world stocks was 0.2% lower, with Wall Street making muted moves. Oil exporters Mexico and Colombia have received some support from crude prices in recent weeks, although analysts say this could be short-lived Mexico's peso rose 0.6%, pulling up from six-month lows as industrial output beat expectations in August. Colombia's peso jumped 0.9% to 3 month highs. Colombia's 2021 fiscal deficit is likely lower than previously projected thanks to the recovery of oil prices and better economic growth, the government said. Chile's peso collapsed 0.3% after having fallen to 0.8% during the session. Copper prices fell on fears that a global energy crunch could stifle demand, especially in major Chinese consumer China. Investors were also anticipating an interest rate decision from the central bank of Chile on Wednesday, in which it is expected to hike rates by 100 basis points bps to 2.50%, amid a recent spike in inflation. Given recent macroeconomic and financial developments, Goldman Sachs analysts would benefit from sending an unequivocal signal that it is determined to stay ahead of the rapidly deteriorating current and projected inflation dynamics. The IMF said on Tuesday that emerging markets could face a destabilizing capital flows as cryptocurrencies are used to circumvent exchange restrictions and capital controls. El Salvador became the first to receive legal tender using Bitcoin as a currency? Markets in Brazil were closed.