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Non-Tech : The Brazil Board

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aknahow

To: THE ANT who wrote (1546)	3/31/2016 8:20:27 AM
From: elmatador	1 Recommendation of 2504

Brasils main problem is more politics than China This year, the Brazilian real has gained 9 per cent against the dollar while the benchmark stock index, the Ibovespa, has returned an 18.2 per cent gain since the end of December. In March alone, Brazilian stocks have soared 20 per cent — their biggest one-month gain in 16 years, according to Bloomberg data. If there is one thing that Brazil’s left-leaning president, Dilma Rousseff, probably will not miss when she leaves office, it is the tendency of markets to loudly applaud her every misfortune. Although a new government would also face numerous challenges. Even a star economic team would struggle to quickly improve an economy shrinking by more than 3 per cent a year with a budget deficit running at about 10 per cent and interest rates at 14.25 per cent. Brazil’s economy needs urgent structural reforms. But even the most skilled leaders would have difficulty navigating a bill through congress after an impeachment motion that is set to further polarise the country’s antagonistic political climate.

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