Brazil and South Africa: Two Continental Giants with Feet of Clay
With Brazil and Africa both reeling from sizeable economic slowdowns, we discuss the hurdles for each and detail which country's outlook appears more favorable.
Francisco Campos-Ortiz, PhD, is Vice President and Economist responsible for Latin America in the Global Macroeconomic Research team at PGIM Fixed Income. Mr. Campos-Ortiz joined the Firm in 2014 from the Banco de México. As a member of Banco de México’s Research Department, Mr. Campos-Ortiz conducted research on topics such as the inflation-targeting framework and commodities, and contributed to institutional publications, including the bank’s Quarterly Inflation Report. His articles have appeared in Banco de México’s working paper series as well as in peer-reviewed academic journals. He received a BA in Economics from the Instituto Tecnológico Autónomo de México (ITAM), a master’s degree in public affairs from the LBJ School of Public Affairs at the University of Texas at Austin, and a MA and PhD in Economics from Brown University.
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