Brazil , China & India "Growth Slowdown Sharply"
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.
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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.com
Apr 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
...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 ...