Business

How has Brazil’s economy performed after 2008 crash

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Brazil is on a hangover from the 2008 crash

September 2018 marks the 10-year anniversary of the collapse of global financial services firm  Lehman Brothers, often portrayed as the starting point of the 2008 crash. At the time, Lehman was the fourth-largest U.S. investment bank, with over USD 600 billion in assets diversified globally. Its bankruptcy had a ripple effect on the global economy the likes of which the world hadn’t seen since the 1929 Great Depression.

Then Brazilian President Luiz Inácio Lula da Silva downplayed the 2008 crash, as the U.S. and Europe were engulfed by crisis. “There, the...

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