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The Brazilian Struggle

 1 min read / 


Trader’s Remarks:

The Brazilian economy contracted 0.3% in the first quarter, registering continued recession in its fifth straight quarter. The exploding debt load, political challenges and gloomy economic outlook all add up to a tough road ahead. This consecutive contraction and sluggishness in major sectors are increasingly pressing on interim President Michel Temer’s government. The Latin America’s largest economy is expected to contract 4.3% in 2016 and 1.7% in 2017 due to political uncertainty and continuing corruption investigations. Tough times ahead.

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