After years of crisis, economists finally seem to be getting more optimistic about the future of the Brazilian economy.
In recent weeks, Brazil’s 5-year Credit Default Swaps (CDS)—commonly called the country’s “risk level”—has gone down to its lowest level since 2013, before the country fell into what was to be its worst recession on record. This “score” reflects an overall perception that the Brazilian economy is set to get better.
And all of this despite the recent political turbulence involving President Jair Bolsonaro and his sons. In the perception of financial pundits, the head of state’s outrageous statements...
