Is anyone still looking for that economic recovery in Brazil?
Today’s economic data was just another reminder that Latin America’s largest economy is still in disarray despite last year’s record rate cuts. For starters, consumer confidence dropped for a fifth month in a row, Reuters reported, not a good sign for an economy driven by consumer demand. Brazil’s unemployment rate, meanwhile, rose to 5.4% in January, above the 5.2% forecast by economists and from a record low of 4.6% in December.
http://blogs.barrons.com/emergingmarketsdaily/2013/02/26/brazil-disappoints-again-what-now/
Emerging markets are expected to power 60 percent of the world’s economic activity by 2030 and have become synonymous with growth. But the near-term outlook is murky, at best. Countries like Brazil, India and China that have arguably emerged now face a host of issues –from infrastructure bottlenecks to worries about credit expansion.
Barrons.com’s Emerging Markets Daily blog analyzes news, data and research out of these markets, pokes holes in conventional wisdom and helps readers navigate the investment landscape from China to Colombia.
The blog is written by Ben Levisohn, a former stock trader who has covered financial markets for the Wall Street Journal, Bloomberg and BusinessWeek.
Today’s economic data was just another reminder that Latin America’s largest economy is still in disarray despite last year’s record rate cuts. For starters, consumer confidence dropped for a fifth month in a row, Reuters reported, not a good sign for an economy driven by consumer demand. Brazil’s unemployment rate, meanwhile, rose to 5.4% in January, above the 5.2% forecast by economists and from a record low of 4.6% in December.
Emerging markets are expected to power 60 percent of the world’s economic activity by 2030 and have become synonymous with growth. But the near-term outlook is murky, at best. Countries like Brazil, India and China that have arguably emerged now face a host of issues –from infrastructure bottlenecks to worries about credit expansion.
Barrons.com’s Emerging Markets Daily blog analyzes news, data and research out of these markets, pokes holes in conventional wisdom and helps readers navigate the investment landscape from China to Colombia.
The blog is written by Ben Levisohn, a former stock trader who has covered financial markets for the Wall Street Journal, Bloomberg and BusinessWeek.
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