Monday, November 23, 2015

Brazil's economy takes the good with the bad

Brazil's president is battling scandal and low poll numbers, inflation and unemployment are soaring, and ratings agencies are taking the knife to its credit rating. Is there any good news investors can count on from Latin America's largest economy?

There are some bright spots, analysts say. Yet for now, the immediate term outlook is overwhelmingly grim for the country that put the 'B' in the acronym BRICS — shorthand for the most attractive emerging market economies investors once considered a sure bet.

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