Business Credit Decelerating Intensely

BRAZIL ECONOMICS - Report 28 Sep 2015 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

Companies are facing serious difficulties in obtaining financing. New loans to firms have been declining since the first months of 2014, and this trend has been worsening recently. The increasing Brazil risk and loss of investment grade makes access to foreign credit harder. This means the recession can get worse and last longer.

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