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Brazil – the gift that keeps on giving
Weekly investor research
16 January 2017
Brazilian fixed income returned 66% in Dollar terms as the country embarks on ‘super goldilocks’. The recent fortunes of Mexico and Turkey are less spectacular - for very different reasons. Argentina strikes a deal with energy companies and unions to develop the country’s vast shale fields. The consumption boom, which will unfold in China over the next couple of decades, will dwarf any other consumption boom in human history – and the US risks cutting itself off from this goldmine if it chooses to enter into a trade war with China. Is India the next goldilocks market in EM? Finally, South Africa’s Zuma hints at succession.