Brazil unrest threatens economic decline: Cardoso

Brazil unrest threatens economic decline: Cardoso

Brazil Economy & Policy Corporate & Sovereign Strategy

Former Brazilian president Fernando Henrique Cardoso has lashed out at the government’s response to a wave of social unrest sweeping the nation, warning that a mishandling of the crisis could exact a heavy toll on an economy already suffering from weak growth. In an exclusive interview with LatinFinance, Cardoso said: “There is a lack of a clear vision to deal with the crisis. I think it will have [a negative impact], because it just increases the level of doubt among decision makers: What is going to happen? Where is this going to lead?” His comments – his sharpest yet on the issue – follow moves by president Dilma Rousseff to head off the crisis, including last week proposing a referen

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