Brazil may take years to make a substantial economic recovery| glObserver Global Economics


According to experts, Brazil may take years to make a substantial economic recovery. Brazil’s currency fell to its lowest level in 12 years at the same time as compared to the dollar. An economist from Futura believes increase will not return to Brazil until 2018, while an extra predicts that the economy will decline in 2016.

Sourced through Scoop.it from: globserver.cn

Petrobras activities became known at the same time as federal police and prosecutors unveiled a system of price-fixing and kickbacks within the organization and these ventures are being tied to black market activity. Further, authorities accuse the firm of inflating contracts and placing additional funds into personal and party bank accounts, inclunding the accounts of the Workers’ Party, which is Rousseff’s party. Rousseff helmed Petrobras for seven years before her tenure as president, but she has not been due implicated in the scandal.

See on Scoop.itglObserver Americas

Author: globserver

Director of Eyecom china

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