The truck drivers’ strike that has paralysed large swathes of Brazil’s economy over the past nine days has generated some apocalyptic headlines and led many forecasters to slash their 2018 GDP growth forecasts. However, past experience suggests that any disruption to activity tends to be made up quickly once the strikes end and, assuming the tentative agreement put forward by the government sticks, it’s possible that the impact on the economy could be smaller than many are anticipating.
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