Brazil's reforms hang in the balance

Brazil's reforms hang in the balance

Brazil Economy & Policy Corporate & Sovereign Strategy Features

"Brazil is back," Wellington Moreira Franco, one of President Michel Temer’s most loyal lieutenants, said at a business forum in May. Indeed, Brazil has reasons to cheer. The country has pulled free of recession. Action by the central bank has sent inflation rates tumbling and interest rates falling. And the president is advancing a multi-focus reforms agenda, including pushing through new labor laws and a cap on fiscal spending. But few are quite as bullish as Moreira Franco, secretary general

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