Barings' Adrogué on debt opportunities in Brazil

Brazil on a 'recovery path'

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Ricardo Adrogué of Barings
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Ricardo Adrogué of Barings

Brazil is, in many ways, a study in contrasts. After contracting for eight consecutive quarters, the Brazilian economy has been on a growth trajectory for over a year amid rising commodity prices, a stronger labour market and other tailwinds.

This recovery began with a rally in the currency, the real, leading to cheaper imports and thereby helping to reduce inflation. Lower inflation has allowed the central bank to cut interest rates deeply...

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