Global Economic View: The Brazilian Economy - October 2015

The Brazilian economy is the seventh largest in the world and is currently experiencing a potent mix of political and economic problems. At the moment, it is difficult to say, with a lot of conviction where events will take us, but in this report we will look at;

• What is happening in Brazil and why
• What measures have been taken so far
• Where do we go from here

What is happening in Brazil

The economy has technically fallen into recession, with Gross Domestic Product falling for two consecutive quarters in the first half of 2015. In Q2 alone, the economy shrunk 1.9%. Current expectations are for the economy to decline 2.5% in 2015 and to post another decline of 0.7% in 2016.