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All change in India
Weekly investor research
19 May 2014
India voted for change and the ball is now in Narendra Modi’s court to deliver. Eastern Europe enjoys ‘Poldilocks’. The Ukraine
situation receded somewhat from the headlines as Europe and Russia engaged in gas talks. Officials in Colombia, which has
one of the strongest lobbies in favour of a cheap currency, began to verbally intervene following strong appreciation recently.
Growth was sluggish in Brazil, again. China launched a broad-based financial reform agenda. The IMF wagged its finger at
Ghana. Turkey’s external balances improved again. And Russian growth was less bad than expected while Venezuela tapped
markets for a hefty USD 5bn.