Monday, September 8, 2014

Brazil’s Recession Puts Incumbent in Trouble Ahead of Elections

Just five weeks before the voting that will take place on 5 October, it was announced that Brazil had fallen into a recession earlier this year.

The economy of South America’s largest country shrank by 0.6% in the second quarter of this year and by 0.2% in the first.

Analysts are projecting Brazil’s growth to be less than 1% in 2014 while inflation is at the higher end of the central bank’s target.

In 2010, when Ms Rousseff was first voted into office for the Workers’ Party, the economy was growing at 7.5%, attracting positive headlines both at home and abroad.

It is hardly surprising, then, that the economic slowdown has become fertile ground for opposition candidates to exploit.

via BBC

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