World news: China poised to unleash market forces, China pledges...

 
 
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Tuesday November 12 2013
 
 
World News
 
China poised to unleash market forces
 
Plenum offers faint clues about specific reforms, hinting that bland rhetoric is likely to be a precursor to bold action and far-reaching change
 
 
 
China pledges 'decisive' reform
 
 
Rescuers battle to get aid to Philippines
 
 
Protesters flock to Commonwealth summit
 
 
EU agrees €135.5bn budget for 2014
 
 
Madrid in a mess over rubbish strike
 
 
German parties seek votes on EU issues
 
 
World Trade Center tower opens
 
 
Companies seek to overturn Obamacare fees
 
 
Sberbank urges reform after weak Russia GDP
 
 
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The World
 
The fall of Eike Batista and Brazil's sagging economy
 

By Luisa Frey
The collapse of Eike Batista’s business empire has dominated the headlines about Brazil in recent weeks. With good reason. The brash entrepreneur’s rise and fall has become a metaphor for the end of the country’s economic boom.

After growing 7.5 per cent in 2010, Brazil’s economy expanded by a paltry 2.7 per cent in 2011 and sputtered to only 0.9 per cent last year. This year it is forecast to grow by 2.5 per cent. Meanwhile, inflation is stubbornly high at 5.84 per cent in October (on a yearly basis) – well above the official target of 4.5 per cent. To keep expanding, the country will need to boost its productivity by eliminating growth bottlenecks, improving infrastructure and encouraging investment.

Here are some of the best articles from the FT and elsewhere about the end of the “Samba economy”.

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