Description

Low consumption demand and high inflation are expected to keep Brazil’s growth sentiments subdued. A rebound in manufacturing output of Russia is expected in H1 2014 because of a gradual decline in input prices with a decline in inflation and rise in demand for domestic goods. Improvements in current account and fiscal balances in India are expected to marginally uplift the investors’ confidence in H1 2014. Speedy policy shifts by the Chinese government may affect the investors’ sentiments adversely in the short term; however, growth is expected to remain strong in H1 2014. South African growth is expected to rebound strongly in H1 2014 following the end of labor strikes in the mining and manufacturing sector.