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Brazil’s Economic Woes Fuel Debt Restructurings, Judicial Reorganization Proceedings

Por :
15/07/2016 15:21 Artigo

​Following almost a decade of booming economic activity, the Brazilian economy has lately experienced market and political developments that have caused a severe downturn. The sharp decrease in the price of commodities, the devaluation of the Brazilian currency, alarming levels of inflation, lack of marketoriented fiscal and monetary policies, uncertainties in the political landscape, the chain reaction resulting from the Car Wash Operation investigation into corruption by public officials, and rising interest rates have slowed economic activity to recession levels. Despite the efforts of market players, there are no concrete signs that the situation will improve anytime soon.

 
 

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