Economic report adds to Brazil’s mounting woes

Simon Romero – The New York Times, 12/01/2015

It keeps getting messier.

A senator close to the president has just been arrested in a widening graft scandal. Lawmakers are wielding the threat of impeachment over the president, thwarting efforts to deal with the tumbling economy.

And then, on Tuesday, Brazil reported its worst economic performance in two decades. The dismal result — the economy shrank 1.7 percent in the third quarter — is the culmination of months of economic crisis and political paralysis, casting a pall over Latin America’s largest country.

Read more…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s