http://www.nytimes.com/2015/04/13/world/americas/brazilian-protests-return-as-scandals-intensify.html?ref=international
According to this article on New York times, there have been recent events of protests in different parts of Brazil. Most prominently, protesters have marched over Rio de Janeiro, calling for impeachment of their current president.
The current presidency has been stained with corruption, bribery scandals, bad policy, etc. Confidence in the country is low because the expected growth rate was not met. Some protesters have accused the president of providing false information. The future for the current presidency looks weak in Brazil. It will be interesting to see how this affects the already high level of unemployment.
According to this article on New York times, there have been recent events of protests in different parts of Brazil. Most prominently, protesters have marched over Rio de Janeiro, calling for impeachment of their current president.
The current presidency has been stained with corruption, bribery scandals, bad policy, etc. Confidence in the country is low because the expected growth rate was not met. Some protesters have accused the president of providing false information. The future for the current presidency looks weak in Brazil. It will be interesting to see how this affects the already high level of unemployment.
5 comments:
Brazil's economy has been backtracking for several years now. Their fiscal outlook has deteriorated sharply since 2011 as their fiscal deficit and gross public debt grow to record heights. The steady decline of the public sector savings rate is leading to a wider account deficit.
Another article predicts that Brazil's GDP will decline 1.01% this year. Brazil's economy only grew .1% last year. It is interesting to see how political corruption can drastically impact the economy.
I agree with Emily that it is interesting to see how much politics really does impact the economy. I wonder if the president was overthrown or taken out of office how much this would affect the economy. While I think it would have positive effects in the long run, I feel as though there would still be high levels of unemployment and little growth in the short run.
A hostile takeover could be detrimental to an economy and this could be if the president was forced out. Although there could be some positive in the long run from this takeover, but could hurt an economy in the short run.
Like many of the articles posted before this, this makes me wonder about the amount of corruption in Brazil and the effect that's having on the country. They have the resources to prosper but (as these protests seem to affirm) have been held down but their leaders. This could be a good thing for the Brazilian people.
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