The Latin American economy will accelerate slowly in 2020 due to decreased concerns over global political and commercial risks, according to experts.

After showing almost zero growth in 2019, the region's economy could grow between 1.0 percent and 1.3 percent next year, said Alfredo Coutino, director of Latin America Economic Research at Moody's Analytics.

"The big risks that could change regional prospects are external, like the intensification of the tariff war," Coutino said, pointing to US President Donald Trump's tweets earlier this month saying that the United States would "restore" the tariffs on steel and aluminum imports from Brazil and Argentina.