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Latin American Economy & Business - November 2013 (ISSN 1741-7430)
Brazil: Has Brazil lost the X factor?
Brazil looks to be facing into another year of stagnant economic activity, but with relatively high and persistent inflation, and deterioration in both the fiscal and external accounts. Critics say the ‘Lula model’, based around a decade-long domestic consumer boom, is exhausted. For now, most Brazilians are still enjoying full employment; this is critical to President Dilma Rousseff’s bid for re-election next October.
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