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The economic crisis led to a political one which, with other factors, culminated in the impeachment of Dilma Rousseff. The fiscal crisis was not an explicit cause of her impeachment. [18] Internal Dilma Rousseff, Michel Temer: COVID-19 pandemic In 2020, as Brazil was still recovering from the 2014 crisis, it was struck by the COVID-19 pandemic ...
Along with the problem of poverty, Brazil is among the ten most unequal countries in the world, according to the Institute of Applied Economic Research (Ipea) of Brazil. Brazil has 0.539 by the Gini index, based on 2018 data. It is among the ten most unequal countries in the world, being the only Latin American in the list where Africans appear.
Rio Grande do Sul’s economy — about as big as Uruguay and Paraguay combined — had been growing at 3.5% this year through April, but could end 2024 falling by 2%, according to his forecasts.
During the economic crisis, high unemployment rates were reported throughout the country, and there was widespread uncertainty regarding Brazil's economic future following a series of political scandals. [3] In the first quarter of 2017, Brazil's GDP rose by 1%. This was the first GDP increase to occur in eight consecutive quarters.
Brazil has resisted gathering momentum in the BRICS group of major emerging economies to add more member countries, but debate over admission criteria seems inevitable at this month's summit ...
O’Leary acknowledged Brazil's rapid economic growth, which makes it an attractive market for many businesses. However, he issued a cautionary message to the country's leadership regarding the ...
Its GDP surpassed that of the United Kingdom in 2012, temporarily making Brazil the world's sixth-largest economy. However, Brazil's economic growth decelerated in 2013 [34] and the country entered a recession in 2014. The economy started to recover in 2017, with a 1% growth in the first quarter, followed by a 0.3% growth in second quarter ...
SAO PAULO (Reuters) -Brazil's President Luiz Inacio Lula da Silva said on Monday that there is no explanation for keeping the country's benchmark interest rate at the current 11.25% level apart ...