Synthesis of the Brazilian Economy

BRAZIL ECONOMICS - Report 05 May 2016 by Affonso Pastore, Cristina Pinotti, Marcelo Gazzano and Caio Carbone

BUILDING A VIRTUOUS CIRCLE - The acceptance of the impeachment motion by the Chamber of Deputies by a comfortable majority sealed, from a political point of view, the end of the Rousseff administration. There are still legal steps to take place, as the ones running in the Senate, but de facto political power has immediately passed to Vice President Michel Temer. What has been observed since is his real attempt to build a virtuous circle in politics and the economy. The first signs are encouraging. Although the challenges are great, praise must go to the conquests obtained in recent weeks.

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