Brazil overtakes China in consumer sentiment, according to Credit Suisse survey
Brazil has just overtaken China in terms of consumer sentiment, as the world’s second-largest economy slows down and spending intention on big ticket items decline, according to a Credit Suisse survey released Monday.
Speaking to CNBC at the Credit Suisse Asian Investment Conference in Hong Kong on Monday, Eugene Klerk, the bank’s managing director of global thematic research said China showed weaker readings in spending intentions compared to Brazil and India.
By Shirley Tay via CNBC