Brazil's economy to cool this year amid fiscal tug of war
Brazil's economy is set to cool this year, a Reuters survey found, amid an intensifying tug of war between the government and some lawmakers over which sector should pick up the tab for adjustments needed to meet ambitious budget goals. Gross domestic product (GDP) increased more than expected in 2023 partly due to improved investor optimism over Finance Minister Fernando Haddad's efforts to rectify deep imbalances. The country's fiscal side "remains the weakest link among its macroeconomic fundamentals," Rabobank analysts wrote in a report, warning of a possible ris...
Source: yahoo.com