Brazil's GDP performance has been lackluster since the post-crisis rebound in 2010. Prospects for 2013 look a little better. However, some of the economic drivers from last decade are clearly exhausted.
It is clear to see why investors place so much emphasis on the oil price as a dictator of Russia's financial health. Supplying some 11.4% of the world's oil supply last year, Russia is the "biggest single source outside the OPEC cartel."