What’s going on in Brazil?

  • Tough times ahead as economy not doing well.
  • Populist President Dilma Rousseff (recently narrowly elected for 2nd term) has so far failed to reduce excess state-intervention & micro-management.
  • Years of good growth have ended (commodity boom over), & big (painful) budgetary belt-tightening required to avert economic crisis & restore investor confidence.
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