What’s Ailing Brazil?
After decades of rapid economic growth and per capita income gains, Brazil is struggling, with IMF forecasts indicating that the country’s GDP will decline by more than 7% in 2015-2016. This reversal of fortune can be explained by four key factors, some of which will be easier to address than others.
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WASHINGTON, DC – After decades of rapid economic growth and per capita income gains, Brazil is struggling. According to the International Monetary Fund, the country’s GDP is poised to contract by more than 7% in 2015-2016. No single factor explains this reversal of fortune. Four do.