Can Brazil Turn Its Economy Around?
Can Brazil Turn Its Economy Around? by [email protected]
Felipe Monteiro on Brazil's Sovereign Rating Downgrade
Rating agency Standard & Poor’s downgrade last week of Brazil’s sovereign rating to the non-investment or “junk” category is a wake-up call for the country to correct its finances and build the political consensus to achieve that. Brazil is facing a severe recession, and its economy is expected to shrink by 3% this year and again in 2016, before . . .
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