Brasil - a crise piora

Brazil economic crisis deepens

CNN Money 

Brazil's problems keep piling up. Amid its historic recession, things are getting worse for many Brazilians since an impeachment trial began last May against former President Dilma Rousseff, who was forced to step down in late August. About 12 million Brazilians are now out of work, up from 8.8 million a year ago, recent government figures show. On Tuesday, officials announced that Brazil's industrial production declined so much in August, it wiped out the gains from the past five months. The International Monetary Fund gave a rough assessment of Brazil as well on Tuesday. "Confidence appears to have bottomed out in Brazil," IMF economists wrote in their World Economic Outlook. "Policy credibility ...

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