Here’s a look at a few of this week’s global headlines with added commentary by our research team members:
Market Watch’s Post-Chavez Venezuela: oil’s next Saudi Arabia?:
“As Associate Vice-President for Latin America Clinton Carter is quoted in this article, oil production is unlikely to experience any increase over the short term, as a necessary shift toward investments in PDVSA are likely to continue to be secondary to the need to fuel social spending and support any post-Chavez government.”
- Antonio Martinez, Senior Analyst for Latin America Research
The Financial Times reports new property market cooling measures put doubt on China’s economic recovery:
“China has launched yet another round of of cooling measures, including a 20% capital gain tax on property sold in the secondary market, higher down payment and mortgages, to contain property prices. This is will impact property and construction related industries, which represent a big chunk of the Chinese economy, adding new pressure to the fragile recovery.”
- Shijie Chen, Practice Leader of Asia Pacific Research
Reuters had an article on Brazil’s industrial recovery:
“Any sustainable economic rebound in Brazil will have to be led by the industrial sector, making this heartening news for multinationals concerned about a seemingly interminable slowdown in Latin America’s largest market.”
- Ryan Brier, Practice Leader of Latin America Research
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