Pessimism About Brazil Is Overblown
Pessimism About Brazil Is Overblown
Brazil faces profound challenges, but a recent column by AQ's editor-in-chief overlooks the many reasons to be optimistic about the country's future.
Brazil has experienced almost non-stop political and economic turbulence since 2013, but the past few weeks have been particularly rough. A recent truckers’ strike is expected to shave off between 0.3 and 1 percent of already fragile GDP growth; a lack of much-needed reforms and continued policy volatility (including a 180-degree shift on fuel subsidies) suggest that Brazil’s economy may soon flirt with recession again. And while the economic data is bad – several million Brazilians have moved back into poverty in recent years ...
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