Brazil's Bargain Basement Stocks Are Drawing Investors
By Craig Mellow Order Reprints Print Article People at a market under a Brazilian flag in Rio de Janeiro, Brazil, on Dec. 08, 2020 amid the coronavirus pandemic. MAURO PIMENTEL/AFP/Getty Images Brazil is a hard place to be optimistic about. Liberal spending to offset rampaging Covid-19 led to a gaping budget deficit last year, and national debt nudging 100% of GDP. The economy contracted more than 4% despite this stimulus. Politicians are taking their time about righting the ship for 2021. Congress, home to some 30 competing parties, is set to wrangle over new le...
Source: barrons.com