Brazil to lead global recovery - Batterymarch

Brazil will be one of the first countries to emerge from recession and is on track to become a global economic powerhouse, according to Legg Mason affiliate Batterymarch.

The country's strong fundamentals combined with a well-regulated banking system means it has avoided much of the damage caused by the economic crisis. This will leave it in a better position to take advantage of the recovery, says Claudio Brocado, part of the team running Batterymarch's Emerging Markets Equity fund. "Brazil offers the ingredients for lasting economic success, including financial stability and global competitiveness-especially in the area of alternative energy-as well as increasing domestic-driven growth," explains Brocado. "In our view, Brazil is no longer the so-c...