Low and Slow are the Recipe for Emerging Markets Growth Russia: Inflation is low, economic activity including auto sales (up 18% YoY in July) is solid. Low oil prices remain a headwind. South Africa: President Zuma survived a vote of no confidence but is on thin ice through the end of his term in 2019. Unlikely to last. Brazil: President Temer dodged a bullet of a corruption trial. Now he can focus strongly on growth. RRG Global Macro Weekly - Slow Growth and Low Inflation...(continued)

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