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IPFS News Link • Foreign Policy

Why Brazil's President Dilma Rousseff Is Failing

• arclein

As it's been widely reported, Brazil is facing many challenges right now. The economy has stalled, inflation hit the highest level in nearly ten years and the Brazilian Real is now the second worst-performing currency in the world, after Ukraine's Hryvnia. Rousseff's failure to adjust public accounts and meet fiscal targets has created a scenario in which a process of a strong recovery is unthinkable in the near future. Acording to Gavekal Dragonomics, an independent research firm in China, the worst is yet to come; it predicts that Brazil's GDP will contract this year between -1% and -2% and again next year, in what could be the first t


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