Oh, poor Brazil. President Dilma Rouseff has Cheapest PC FIFA 14 Coins turned this economy into the Rodney Dangerfield of the BRICs.
Tuesday industrial production (IP) data showed a manufacturing sector confused over inflation and expecting weaker growth. December IP fell 3.5% month over month, on a seasonally adjusted basis. Consensus was -1.7%. This was the biggest monthly contraction since December 2008, when the global financial crisis was at its peak. In yearly terms, industrial production dropped 2.3%, well below expectations of a 0.1% drop.
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