By: Bevan Graham -Sourced from AMP Capital
Brazil will be in the spotlight for the next couple of weeks as the spectacle that is the Olympics unfolds. Of course Brazil has already been under the spotlight for a while as one of the worst performing emerging economies over the last couple of years.
Recent activity data, no doubt helped by the Olympics, suggests the worst may be over for the economy. The manufacturing PMI is improving, though remains in contractionary territory, and annual growth in industrial production has improved from -13.5% in January to -6.0% in June. Not great, but heading in the right direction. Click here to read more.
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