Brazil, the Latin American powerhouse, is climbing out of the trough it was left in by the recent ser...
Brazil, the Latin American powerhouse, is climbing out of the trough it was left in by the recent series of emerging markets crises. The last quarter of 1999 saw a real turnaround in the region, pushing growth estimates upwards and exciting the interest of international investors. Caspar Romer, senior fund manager at Foreign and Colonial Emerging Markets, says: "The initial expectation for 1999-2000 was that the region was going to suffer an apocalyptic collapse, possibly a return to hyperinflation and a complete withdrawal of capital from the region. The spillover would then cause a regio...
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