Latin America's economy is now growing faster than Asia's
A person gestures to an electronic board displaying stock activity at the Brasil Bolsa Balcao stock exchange in São Paulo, Brazil. Barclays picks Latin America as home to its favorite emerging market stocks and bonds.
Barclays actually revised their Brazil growth outlook lower for this year by 300 basis points, with downside risks hinging on the breadth of pension reform. That’s the biggest economic fundamentals story out of Brazil right now, and it could yet take a hammer to business and consumer confidence if it turns out to be a dud.
On the other hand, higher inflation in Argentina—well over 35% a year—means higher interest rates will keep growth in check. The economy is set for stronger growth in the second quarter thanks to good harvest levels, and better performance of personal consumption because of wage recovery in spots. The Fed’s dovish tilt will also make Latin America central bankers happier as it reinforces a weaker dollar scenario.
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Latin America's Economy Now Growing Faster Than Asia'sBarclays picks Latin America as their favorite among emerging market stocks, bonds.
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Latin America's Economy Now Growing Faster Than Asia'sBarclays picks Latin America as their favorite among emerging market stocks, bonds.
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