Brazil faces "deindustrialization" due to the strength of the real, claims the head of Siemens'...

|By:, SA News Editor

Brazil faces "deindustrialization" due to the strength of the real, claims the head of Siemens' Brazilian operations, arguing for the possible imposition of further currency controls. High real rates have failed to cool the economy or bring down inflation as money from the developed world continues to flow into the country. EWZ -4.2% YTD.