Fisher Capital Management South Korea, Brazil’s Economy: 1st Quarter

Fisher Capital Management South Korea, Brazil’s Economy: 1st Quarter Fisher Capital Management Seoul Korea, Brazil’s Economy - The brief recession of 2009 has given way to a robust increase in consumer demand and recovery in investment in Brazil in 2010.... More

Fisher Capital Management South Korea, Brazil’s Economy: 1st Quarter Fisher Capital Management Seoul Korea, Brazil’s Economy - The brief recession of 2009 has given way to a robust increase in consumer demand and recovery in investment in Brazil in 2010. The economy is likely to grow 5. 5% this year. GDP grew 2% year-on-year in the fourth quarter of 2009 and fell 0. 2% for the whole of 2009 compared with 2008. Fisher Capital Management South Korea Investing: - The central bank did not raise its target overnight interest rate, the so-called Selic rate, unchanged leaving it at 8. 75% a year. This was expected as the presidential election is nearing. The rate fell from 13. 75% to 8. 75% between December 2008 and July 2009. By the year-end, the rate is expected to rise by 250 basis points to curb inflation. Even though the US and Brazil are not as open an economy as one would believe. Trade accounts for approximately 14% for both the countries. US cotton subsidies had been a bone Less