A Light At The End Of The Tunnel For Brazil

Brazil has had little to celebrate as of late. Unemployment has jumped to 7.6% in August, up from 5% a year ago. With an inflation rate of 9.5% significantly greater than an increase in nominal wages of 6.3% over the last 12 months, real wages have actually fallen by 3.2%. Household consumption, the main driver of Brazil’s recent economic growth, […]

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