the “B”, Brazil, really put itself on the economic map. Having grown by 2.3% a year between 1995 and 2002, it grew by 4% annually in the following eight years. But Brazil then run out of puff.

Brazil’s economy is projected to grow by 2-2.5% this year and has the lowest unemployment rate since 2014. Despite economic stability, investors are withdrawing capital, contributing to the poor ...