by Vincent Bevins
End of an Era?
Brazilâ€™s economy has had a good run, but analysts are readying themselves for tougher times ahead. Can the government and monetary authorities make a difference?
It would be an understatement to say that Brazil has had a
good decade. High prices for its commodities, stable governance
and the unleashing of long-dormant potential have led to some
of the best economic indicators in living memory. The country
grew at 7.5% last year, incomes are rising even more quickly,
and unemployment is at an historic low.
President â€œLulaâ€ da Silva
finished his term last year with some of the highest approval
ratings in the world, and his hand-picked successor, Dilma
Rousseff, cruised easily to victory. It would be very
optimistic to expect any government to undertake deep
structural reforms in such a situation. If it
isnâ€™t broken, why fix it?
Yet the countryâ€™s success story is losing
some its shine. There is a growing consensus that
Brazilâ€™s ability to cruise along on
auto-pilot may be coming to an end and what...
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