Another Crash Landing for Brazil’s Economy?

Another Crash Landing for Brazil's Economy?

Brazil's floating exchange rate, high foreign-exchange reserves, strong commodity exports, and debt denominated predominantly in its own currency reduce its exposure to a balance-of-payments crisis. Nonetheless, continued fiscal deterioration under President Luiz Inacio Lula da Silva will carry high domestic costs.

Another crash-landing for Brazil’s economy?

Continued fiscal deterioration under President Luiz Inacio Lula da Silva will carry high domestic costs Read more at The Business Times.

Another Crash Landing for Brazil’s Economy?

Brazil’s floating exchange rate, high foreign-exchange reserves, strong commodity exports, and debt denominated predominantly in its own currency reduce its exposure to a balance-of-payments crisis. Nonetheless, continued fiscal deterioration under President Luiz Inácio Lula da Silva will carry high domestic costs.