Brazil’s latest GDP figures were surprisingly bad: the economy expanded by just 0.1% in the fourth quarter of 2018, slowing from (a revised) 0.5% in the previous quarter. The Brazilian economy grew just 1.1% in 2018 and it is officially the slowest recovery from recession in Brazilian history – odd considering the slack created by the biggest-ever contraction.
Brazil’s recovery is unusual in other ways, too. Take international investors: usually the first to enter a country after a recession are the financial flows, with allocations of funds into public equity and the fixed income markets.
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