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Non-Tech : The Brazil Board

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To: elmatador who wrote (1521)	1/15/2016 10:00:57 AM
From: John Vosilla	Read Replies (1) of 2510

Brazil's Economy Hasn't Been This Bad Since 1930 JAN 14, 2016 @ 02:19 PM Brazil isn’t the same country it was in 1930, but it’s economy is sure looking that way. The country is facing its worst economic crisis since the Great Depression in the United States. This year will be another year of contraction. Labor markets are shedding employees and inflation, once under control, is now over 10.6%. There is no end in sight to this crisis. China won’t save it. A weaker dollar won’t save it. The impeachment of Dilma Rousseff won’t save it either. A lot of Brazil’s problems are boring, old school budget woes. The fiscal picture in Brazil is as grainy as a black and white photograph from the 30s. It dominates how corporate and portfolio investors view Brazil. And it has many believing that the country might not hit bottom this year, as the World Bank forecast last week. forbes.com

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