Happy Monday! This week, Brazil is becoming increasingly dependent on commodities and manufactured goods are losing out. Sergio Moro under the microscope for his private-sector earnings. Rate of Brazilians in debt keeps rising.
Brazilian manufactured goods losing space abroad
Brazil recorded a record-setting USD 61 billion trade surplus last year, 21-percent higher than the previous year. The government celebrated the figures as a statement of the country’s economic recovery, but a deeper look into the numbers throws up some eye-opening findings — especially for industrial producers.
- According to the Institute for Industrial Development Studies (Iedi), transformation industries recorded a...