Brazil Daily

A perfect storm is brewing in Brazil

Good morning. The picture doesn’t look good for Brazilian economy. Government investment at lowest in a decade. The risk of another Vale dam collapse.


Economy: a perfect storm is brewing in Brazil

Bearish economic forecasts, persistent unemployment, and a government seemingly in disarray. The picture doesn’t look good for Brazil and markets have become increasingly fed up with the administration, which has been, to this point, unable to get its flagship reforms approved by Congress. On Thursday, the São Paulo stock exchange index fell to below 90,000 base points for the first time since January, and the Brazilian...

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