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🌏 The EM recovery rested on three pillars. All three are cracking.

🌏 The EM recovery rested on three pillars. All three are cracking.

Brazil's IPCA-15 is forecast to breach the BCB's 4.50% ceiling at 4.55% YoY. Korea's incoming governor signals rate hikes. USMCA talks are putting Mexico's nearshoring investment model at risk.

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