[image: BNP PARIBAS]  [image: The Economic Research Portal] Thursday,
January 02, 2014 [image: Your publications]

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We have the pleasure to send you the latest publications of your
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 1/2/2014 10:08:20 AM    US

France-US: Out of crisis
?<http://economic-research.bnpparibas.com/Views/EcoTVPublication.aspx?type=Chapter&id=21351>

To leave the crisis zone for good, use both legs : support demand and boost
the supply side.

Jean-Philippe COTIS
     Spain

Spain, Portugal : Competitive again
?<http://economic-research.bnpparibas.com/Views/EcoTVPublication.aspx?type=Chapter&id=21352>

Spain and Portugal have regained cost-competitiveness. Exports are buoyant
and current account swung back to surplus. Still, economic competitiveness
requires an internal balance as well, which is not the case yet.

Thibault MERCIER
     Brazil

Brazil no longer among the
favourites<http://economic-research.bnpparibas.com/Views/EcoTVPublication.aspx?type=Chapter&id=21353>

Brazil will be in the spotlights this year with the World Soccer Cup in
June and the electoral cycle at the fall. The economy posted a weak
performance over the past quarters, while its sticky inflation and
deteriorating fundamentals raise lots of concerns.

Alexandra WENTZINGER
   [image: Read the full
version]<http://economic-research.bnpparibas.com/Views/EcoTVPublication.aspx?type=Global&id=7639>
  See you soon on our web site http://economic-research.bnpparibas.com


-- 
CA. Rajesh Desai

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