Latin America Economics

Latin America Chart Book

27 October, 2017

Fading reform hopes roil Brazilian markets

Financial markets in Brazil have come under pressure over the past week as a split in President Temer’s ruling coalition has cast doubt over important parts of his reform agenda. The trigger for the latest sell-off has been a fresh vote in the lower house of Congress on whether to charge the president on allegations of corruption. The president survived, but by a narrow margin that suggests a significant loss of Congressional support. Policy measures that require a simple majority in Congress (such

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