Brazil’s economy is emerging from a difficult few years—but when analysing its prospects, a positive, long-term view is warranted, based on the country’s important position in world trade. With a little help from its friends and its own internal enterprise, this major South American economy, the world’s ninth largest by nominal GDP, has every reason to expect a triumphant comeback.
Chile has been one of South America’s mainstays, lauded as possibly the continent’s wealthiest and most stable country. But the Chilean economy, the health of which is heavily dependent on copper exports, has suffered greatly since the decline of the commodity super-cycle in 2014-15, and credit-rating agencies are showing no mercy—making life even more difficult for the country’s incumbent government.
There is much rhetoric around the opportunities provided by emerging markets. And there is plenty of discourse around the fact that banks are de-risking and retreating from such areas. The fact of the matter is that some regions of the world are riskier to operate in.
Brazil’s demise has been remarkable. Nearly every major macroeconomic indicator is at historically undesirable levels at present, from unemployment to inflation, and from GDP (gross domestic product) growth to public debt.
2016 is the year that the Olympic Games come to Rio de Janeiro, Brazil. The world will descend on a country going through its worst economic crisis since at least the 1930s.
Chile is clearly one of Latin America’s success stories, with a strong, robust and open economy. Although high world copper prices did contribute to the swelling of its state coffers, avoidance of Dutch disease and the economy’s move towards a greatly
Over the past 12 months, the US banking industry has been in the doldrums. The turn of the year quashed hopes of a
Following its mid-December meeting, the Federal Reserve increased its benchmark interest rate by 25 basis points, marking the first time the US central bank has increased rates since June 2006.
A growing middle class and one of the highest numbers of families with financial worth of more than $100 million in the world make Brazil very appetizing for private-banking providers. According to the latest McKinsey Global Private Banking Survey (2013), Brazil, together with Mexico, accounts for 67 percent of private assets under management in Latin America.
Peruvian Finance Minister, Luis Miguel Castilla, announced that over $45.59 billion of private investment