Brazil Enters a Recession and Officials are Divided Over How to Resolve It

by Silvio Ramirez Brazil is South America’s largest economy, the seventh largest economy in the world, and was considered, for many years, as a favorite for investors. For the past decade, Brazil has benefited from a global commodities boom. During President Luiz Inacio Lula da Silva’s two terms in office, Brazil enjoyed rapid economic growth… Read More Brazil Enters a Recession and Officials are Divided Over How to Resolve It

New Infographic Series on the Economic and Political Situation in Brazil

Brazil is in crisis. The economy shrank 0.2 percent in the first quarter, and the forecast is for negative growth of 1.2 percent this year. Unemployment rate reached 6.4 percent in April, its highest level in four years. There is also pessimism on consumer prices, raising the 2015 inflation forecast from 7.93 percent to 8.12… Read More New Infographic Series on the Economic and Political Situation in Brazil