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Down but far from out in Brazil
Weekly investor research
22 May 2017
Down but far from out in Brazil. Iranians want more pragmatism and reform. The US puts eight Venezuelan judges on the OFAC sanctions list. S&P upgrades Indonesia to investment grade. Mexico welcomes NAFTA talks. China takes another step towards capital account liberalisation. India formally launches GST. Malaysia and a very large number of other EM economies are growing materially faster than expected so far in 2017 – see the Snippets section. In the global backdrop, it is still all about political noise in the US as Trump goes abroad to divert attention away from his domestic political woes.