In an email interview with Bloomberg, Mohamed El-Erian said, “Brazil has an enormous potential, absolutely enormous. What is missing is the political context that enables sustained policy implementation.
Manufacturing activity accounts for ~18% of Mexico’s GDP. Mexico’s manufacturing PMI declined by 0.6 points to 52.4 in December, compared to 53.0 in November 2015.
The Mexican peso and US dollar are interconnected. Due to bullish forecasts in the US dollar, there are high expectations for the Mexican peso in 2016.
SLANX fell 3.4% in November 2015 from a month prior. In the three- and six-month periods ended November 30, the fund fell 5.1% and 22.8%, respectively.
