A Tale of Two Countries
Barely two years ago, Brazil’s rapid economic growth and expanding middle class made it the darling of the financial markets, whereas Mexico was better known for drug gangs and violence. But now Brazil has become the star that disappoints, while Mexico is the underperformer that suddenly shines.
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SANTIAGO – Barely two years ago, Brazil’s rapid economic growth and expanding middle class made it the darling of financial markets, whereas Mexico was better known for drug gangs and violence. With slow growth and stalled economic reforms, financial markets were about to write off Mexico as a lost cause.