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32 34 36 40<br />
32 Brazil: Worried about capital inflows<br />
Brazil experienced a deceleration, but growth is expected to rebound later this year. A loosening <strong>of</strong> monetary policy<br />
and a boost to investment in infrastructure and energy should help to <strong>of</strong>fset the negative external headwinds.<br />
34 Russia: Conflicting influences<br />
Several conflicting factors in Russia may result in slower growth in 2012. The country’s growth prospects will hinge on<br />
choices made by Russian policymakers.<br />
36 Indonesia: Unlocking potential<br />
Indonesia’s performance has been nothing short <strong>of</strong> stellar, and despite a variety <strong>of</strong> obstacles, there are plenty <strong>of</strong><br />
reasons to be excited about Indonesia’s prospects in the coming year.<br />
Special Topic<br />
40 Trade patterns <strong>of</strong> the future: Waking up and smelling the c<strong>of</strong>fee<br />
With rising wages and a rising currency in China, the world’s most populous nation may no longer be the “world’s<br />
factory.” Rather, global trade patterns are changing in interesting ways.<br />
44 Appendix<br />
Charts and tables: GDP growth rates, inflation rates, major currencies vs. the U.S. dollar, yield curves, composite<br />
median GDP forecasts, composite median currency forecasts, OECD composite leading indicators<br />
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