Macroeconomics

  • Brazil's Defining Moment Dec 1, 2002

    When President-elect Luiz Inácio Lula da Silva takes office in January, he caniether srenghthen the institutions needed for job growth and poverty reduction, or undermine them and face the effects of collapsing economic activity, higher inflation and imploding financial systems. Mohamed El-Erian believes Lula has the guts and the will to restore financial stability to Brazil.

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“The crisis has been a setback for reserve diversification."

Jan Dehn, Ashmore Investment Management