Economic Comment
Brazil is back to junk
Brazil lost its investment grade with S&P on 9 September. The downgrade underlines Brazil’s enormous fiscal challenges. Political headwinds could further darken the fiscal and economic outlook.
Economic Comment
Brazil lost its investment grade with S&P on 9 September. The downgrade underlines Brazil’s enormous fiscal challenges. Political headwinds could further darken the fiscal and economic outlook.
Country Report
Brazil is experiencing the strongest contraction in the last two decades on the back of an unfavourable environment, a frontloaded adjustment of economic policy and prevailing negative sentiment. Increasing political tensions complicate the situation.