A Framework That Provides Clarity

During periods of “low visibility,” confusion reigns: for every indication of one trend, there seems to be a countertrend. The key is to glean from the collective wisdom of reliable leading indicators a clear signal that the economy is headed for a turn.

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Apr 10 2015

Brazil's Gloom and Doom

Brazil was a poster child of the BRICS countries, growing rapidly for over a decade. But the economy is now suffering from slow growth and high inflation, while a corruption scandal engulfs the country’s largest company. To combat high inflation and stabilize the real, the Banco Central do Brasil has raised its policy rate to its highest level since the Global Financial Crisis, putting Brazil in the unique position of being the only major country to have hiked rates this year, underscoring the economy’s current predicament.

For insights into what comes next for the Brazilian economy, ECRI has completed an in-depth analysis, assessing our Brazil-specific leading indicators for overall economic growth, inflation and exports. This study delineates what caused Brazil’s reversal of fortune, identifying potential sources of both weakness and strength in the months ahead.

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