Views from LGIM's Asset Allocation team. Please note the content on this website is for Investment Professionals only and should be shared responsibly. No other persons should rely on the information contained within this blog.
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After Argentina and Turkey, could Brazil be the next emerging market (EM) that goes into crisis? These events are not linked – each of these countries currently has idiosyncratic weaknesses. In the case of Brazil, the fiscal deficit is in the spotlight, coupled with the presidential elections in October.