Grace Fan

Director, Brazil/Latin America Research

Elizabeth Johnson

Managing Director, Brazil Research

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Recent Brazil research

* Brazil: Key indicators to watch in 2018, Elizabeth Johnson, Grace Fan, 14 Dec 2017
* Brazil: Key indicators to watch in 2018, Elizabeth Johnson, Grace Fan, 14 Dec 2017
* Brazil: Keeping the flame alive, Grace Fan, Elizabeth Johnson, 7 Dec 2017
* Brazil: Down to the wire, Grace Fan, Elizabeth Johnson, 30 Nov 2017
* Brazil: The rise of the Right, Grace Fan, Elizabeth Johnson, 22 Nov 2017

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Brazil: Closer to the fiscal precipice

Overview

The weakened Temer government – which had once promised a “bridge to the future” – bowed to the politically inevitable this week when it sharply revised up its 2017–20 primary deficit targets. Although the market reacted well initially and ratings agency S&P reaffirmed Brazil’s sovereign rating in a nod to Finance Minister Meirelles’ efforts, we still see a serious risk of a downgrade before yearend....

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