Brazil's economic future depends on key reforms

Brazil's economic future is dependent not only on global economic stability but also on the ability of its new president to implement economic reforms as soon as possible. In the 12 months to 28 February, the Brazil Bovespa Stock Index returned -51.49% in US dollar terms against a return of -19.52% for the MSCI World Index. Scott Crawshaw, emerging markets fund manager at Isis Asset Management, says the key issues affecting the Brazilian market are the uncertain global economic environment and the need for reform in such key areas as social security and taxation. He notes th...