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Pessimism About Brazil Is Overblown

June 07, 2018

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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