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Brazil , China & India "Growth Slowdown Sharply"

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May 11, 2012 – Comments (1) | RELATED TICKERS: FXP , EDC , EDZ

and all of a sudden the emerging markets are not looking so good anymore.

 

Dismal China, India data signal slowing growth

 By Elaine Kurtenbach

AP Business Writer / May 11, 2012

 

Friday's data are especially troubling because they indicate weakening domestic demand in India and China, markets many had looked to hopefully as bastions of growth in the faltering global economy.

"Things look very shaky in Europe and the U.S. economy is decelerating. The last thing we need is for the emerging world to downshift. Unfortunately the data today points in that direction," said Frederic Neumann, co-head of Asian economics research at HSBC in Hong Kong.

"We fear that without further stimulus India and China will continue to slow," he said.

 Hong Kong, meanwhile, reported Friday that its first-quarter economic growth stalled, expanding only 0.4 percent, as exports shrank. The government of the southern Chinese financial center warned Friday of further risks from the European debt crisis.

Read entire article

Brazil growth meanwhile has slowed to a crawl since Dec. 2011 and shows no signs of recovery : 

 

Brazil cuts rates further as growth slows - FT.comwww.ft.comWorldLatinAmerica&CaribbeanApr 19, 2012 – Brazil's central bank has cut its benchmark interest rate to the lowest level in two years in an attempt to revive sluggish growth and restore the ...
Bovespa Tumbles as Brazil Economic Growth Slows, Europe ...www.bloomberg.com/.../bovespa-tumbles-as-brazil-economic-growt...Mar 6, 2012 – The Bovespa index slumped the most in five months as Brazil's economy posted its second-worst performance in eight years and raw-material ...
Brazil Growth Slows to a Crawl in 3rd Quarter - WSJ.comonline.wsj.com/.../SB1000142405297020490380457708220125286...Dec 6, 2011 – Brazil's economy posted its slowest growth of the year in the third quarter, rising 2.1%, as global uncertainties finally undermined activity in ...

1 Comments – Post Your Own

#1) On May 14, 2012 at 8:32 AM, IBDvalueinvestin (99.66) wrote:

Greece turning the Euro-Zone into one big Domino effect now..

All those that thought staying long equities after May 1st was a good idea will get a reality check in terms of major losses.

Even big bad JPM had a $2 Billion trading loss.

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