Sunday, 30 August 2015

Brazil enters recession, recovery expected to be slow - UPI.com

Only 4 years ago... The darling of the investing world.. One of the top growing economies!!! 4% to 6% growth quarter on quarter!!

How times change...

Could this trend come this way?
Our GDP growth rate had declined to 2.3% in Q2. If oil price remains sub $50 and Nigeria continues to find buyers for its oil as is the case past 15 months, anything is possible from around Q2 2016.
These are interesting times for emerging economies that are standing on 'quick sand' and many truly are.

Unless...and unless...

Your views.

Note it appears like it's more about what happens in and  to key country economies and how the OPEC cartel behave than what we do as a country!!
Please read my favourite book ... Tipping Point by Malcolm Gladwell.


http://www.upi.com/Top_News/World-News/2015/08/29/Brazil-enters-recession-recovery-expected-to-be-slow/8181440856839/

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