Brazil election: Economy at heart of battle

Brazil Institute's avatarBrazil Portal

Ruth Costas – BBC News, 9/7/2014

It is not the kind of economic background Brazilian President Dilma Rousseff must have hoped for in her run for re-election.

Just five weeks before the voting that will take place on 5 October, it was announced that Brazil had fallen into a recession earlier this year. The economy of South America’s largest country shrank by 0.6% in the second quarter of this year and by 0.2% in the first.

Analysts are projecting Brazil’s growth to be less than 1% in 2014 while inflation is at the higher end of the central bank’s target.

Read more…

View original post

Leave a comment