Goldman Sees 14% Brazil Real Jump by July; Says Buy Stocks

Goldman Sees 14% Brazil Real Jump by July; Says Buy Stocks

Chamber Articles Category: Economic News Post Date: 04/19/18 Source: Bloomberg By: Chris Anstey
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The bank that warned South America’s biggest economy was sinking into a depression back in 2015 now has Brazil as among its top picks in emerging markets that are "powering ahead" in face of rising global interest rates and protectionism fears.

“Despite the drawdown in developed-market equities and spike in volatility, emerging market foreign exchange and equities have been resilient," Goldman economists including Andrew Tilton in Hong Kong and Alberto Ramos in New York, wrote in an April 17 note. There is still “room to grow” for emerging markets, they said. Read Full Article