Brazil is bogged down by an ongoing political crisis and gargantuan economic problems. Dilma Rousseff, the country's president, a left-of-center politician, was forced to step down and allow her vice president, Michel Temer, to take over as interim president. Although Wall Street analysts are applauding the leadership transition, Temer still has to show that he is capable of tackling the immense challenges his country's economy is facing. Public debt has ballooned to more than two thirds of GDP. Brazil is also battling inflation that tops 7%, more than double the rates recorded in Peru and Mexico. Brazil is the largest economy in Latin America and is still a big market for companies such as Ford, Amazon, IBM, Nike and Monsanto. But the economic turmoil has certainly had an impact. Nike in particular has seen a big drop in sales in Brazil. While not as fraught as the situation in Venezuela and Argentina, Brazil's economic problems are dire. The country has new leadership but still faces a lot of obstacles on the path towards prosperity. To get a sense of what investors can expect moving forward, I reached out to Jimena Blanco, the Head of Latin America at the consultancy Verisk Maplecroft.
from Forbes - Leadership http://ift.tt/1X6Jb5t
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