Brazil Will Blow Mexico Away Next Year

ForbesAt long last, Brazil is back and it will blow Mexico away next year as a relatively safe bet for growth in 2018, analysts from Morgan Stanley suggested in a report dated Dec. 8.

Mexico’s been doing quite well, thanks to the strong U.S. economy that it depends on for nearly all of its exports. But next year is an election year in both Brazil and Mexico. Only difference is that Mexico might elect someone who hates NAFTA as much as Trump. Brazil, meanwhile, might elected someone who has been indicted for influence peddling and other crimes associated with the massive Petrobras pay for play scandal. While both political leaders — Andres Manuel Lopez Obrador of Mexico and Luiz Inacio Lula da Silva of Brazil — are unlikely to disrupt the economy from its current path, Morgan economists led by Arthur Carvalho have Brazil’s GDP growth rate at nearly double that of Mexico’s. And it is about time, too. Brazil has had back to back recessions while Mexico has been growing at nearly 2%. …




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