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Brazil’s economy grows amid domestic uncertainties

Brazil’s economy managed to still grow in the beginning of 2025 thanks to its strong agriculture and resilient labour market. However, rising real interest rates, softer consumption, and political uncertainty ahead of the elections are casting shadows over the country’s growth outlook.

Indonesian stocks, rupiah pressured on all fronts

The Indonesian market appears to be in trouble: stocks hit the circuit breakers twice in the first four months of 2025 while the rupiah is crashing. Challenges withstanding, can the Prabowo government capitalize on this currency decline?

Brazil confronts a fiscal crossroads

Market concerns remain high despite a sizeable reduction in Brazil’s fiscal deficit. Sustaining a balanced budget appears challenging with inflation trending above target, rising interest rates, and a new tax reform plan on the table.