In this issue of our Macro Newsletter, we will share some more insights from the Actis Macro Forum, a group composed of professionals from across our regions and from each of our three business units, Energy and Infrastructure, Private Equity and Real Estate. The focus this time is on Brazil and India, but we will be re-visiting Africa in our next issue when we hope there will be more clarity around the situation in Nigeria and South Africa, two markets seeing significant political and FX volatility at this point. As usual, we conclude with an update on our perspectives on EM FX post Brexit.