Emerging markets have been laggards this year. Among the BRICs Brazilian stocks have also not fared well either due to state intervention in businesses and sluggish economic growth in the past few years. From an article in the Financial Times yesterday: Gross domestic product grew less than 1 per cent last year, the lowest of …
The Brazilian economy is in the midst of a slowdown. After years of having strong economic growth the emerging market had a moderate growth of 2.7% in 2011 compared to 7.5% in 2010. This year the economy is projected to expand by just 1.5%. However the GDP is estimated to grow by 4.0%. In order to …
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The theory that emerging markets are decoupled from developed markets did not hold well during the current turmoil in global equity markets. Emerging market stocks have also fallen sharply in tandem with others. For example, while most of European countries are down more than 20% and the S&P is down 6.5%%, Brazil’s Bovespa is also …
