Synthesis of the Brazilian Economy

BRAZIL ECONOMICS - Report 07 Aug 2017 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

The Chamber of Deputies preferred to ignore the robust evidence and refused to allow the Supreme Court to judge the denunciation of receiving bribes lodged against President Temer by the Chief Prosecutor’s Office. It was a personal victory for Temer, but the fragmentation of the allied base, with important dissidence from the PSB and PSDB, indicates he will face difficulties in delivering reforms promised when seeking support to stay in office. Supported by the comfort of the correct diagnosis of a competent economic team and by the favorable external environment, asset prices suffered little even with a political situation unfavorable to fiscal discipline. Economic activity, employment and credit are finally showing positive signs, but the emergence from the recession will be irregular and very slow.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.