Growth slows in Brazil, India, and China; picks up in Russia, Indonesia and South Africa

  • Brazil’s growth H1 2012 fell to 0.6%, leading the government to once again lower its annual GDP growth forecast, from 3% to 2%. The government has since carried out several tax cuts on durable goods and aggressive reductions in interest rates, with economic activity expected to rebound in H2. While unemployment remains low, inflation is re-emerging as a concern amid rising wholesale and food prices

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In H1 2012, China-Africa trade reached USD 91.3 billion, once again reiterating the ever-strengthening trade relations between the two regions. In this edition, we report the latest China-Africa trade data, review major China-Africa trade and investment deals from March to August, and also spotlight China’s investment relationship with the Economic Community of West African States (ECOWAS)

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China’s economic slowdown is starting to make the global economy uneasy, judging by the commotion surrounding Minister Ferguson’s comments about the end of Australia’s mining boom. However, based on the figures and activities generated in the first half of 2012, Sino-Australian trade continues to grow with total trade reaching nearly USD 60 bn in H1 2012. In addition, a number of off take contracts were secured and investment deals approved.

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