On Brazil’s Collapse in Growth and the New Currency Wars

This is a gold level post.

I want to flag this as an issue since no one seems to be talking about it. Brazil's economy has slowed very sharply of late and along with slowdowns in India and China, it says that the global economy will get less incremental lift from emerging markers.

Here's the trajectory:

Brazil central bank cuts 2011 growth forecast to 3.5%, BBC News, 29 Sep 2011: "Brazil's central bank has lowered its forecast for economic growth to less than half of last year's, partly blaming the slowing global economy. The central bank lowered its prediction for growth in 2011 to 3.5%, from 4% that it expected in June."

Dip in Consumer Spending Slows Growth in Brazil, NY Times, 07 Dec 2011: "A decline in consumer spending contributed to a slight contract...


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