Brazil and Russia, by contrast, are in really bad shape. The - TopicsExpress

Brazil and Russia, by contrast, are in really bad shape. The largest emerging economies after China, together they have the heft of Germany. In both countries the currency is sliding. The real hit new lows in November after data revealed the budget deficit reached a record in September. The rouble is dropping faster, down 27% in a year and 10% in the past month. Both face stagflation: bubbly prices coupled with growth rates likely to be below 1% this year. economist/news/finance-and-economics/21631134-emerging-economies-hit-hard-times-brazil-and-russia-look-particularly-weak?fsrc=scn/fb/te/ed/pe

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