Grace Fan

Director, Brazil/Latin America Research

Elizabeth Johnson

Managing Director, Brazil Research

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Recent Brazil research

* Brazil: Is pension reform still possible?, Elizabeth Johnson, Grace Fan, 10 Aug 2017
* Brazil: The cost of Temer’s victory, Grace Fan, Elizabeth Johnson, 3 Aug 2017
* Brazil: Can the market really decouple from the political crisis?, Grace Fan, 28 Jul 2017
* Brazil: Can the market really decouple from the political crisis?, Grace Fan, 28 Jul 2017
* Brazil: Temer’s political woes will drag through August, Grace Fan, Elizabeth Johnson, 20 Jul 2017

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Brazil: The darkening cloud over Congress

Overview

The week after ratings agency S&P downgraded Brazil’s sovereign debt to junk, the divided Dilma administration finally cobbled together an emergency game plan to balance the 2016 primary draft budget and to achieve next year’s primary surplus target of 0.7 per cent. Important though this is, it is still up to a disgruntled legislature to redesign, approve or reject it and even government-allied politicians sound sceptical about its...

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