Its central bank has raised interest rates four times since April.
“Like other emerging economies, Brazil is struggling with a massive outflow of capital that has dragged down the value of its local currency and increased costs for companies indebted in US dollars,” The Telegraph reports. “That is especially worrying for Brazil, which was already suffering with high inflation, soft consumer demand and dwindling investor appetite as its economy struggles to return to the glory days of above 4% growth per year.”
iShares MSCI Brazil Capped ETF
