Brazil’s leading presidential candidates Wednesday presented plans for the upcoming presidental term to local industrial officials with diverging views on the appropriate remedies for bolstering the country’s economy, In presentations before Brazil’s National Confederation of Industries, the three main candidates drew a stark contrast regarding the gravity of a recent economic slump and its consequences…
Refinery purchases and policy for Brazil’s state-controlled oil company Petrobras have come under increased scrutiny ahead of the country’s October elections amid allegations of mismanagement. Former company president Sergio Gabrielli was recently brought before congress to explain the company’s policies following revelations earlier in the year that the company was forced to pay more than $500 million…
Brazil’s largest city, São Paulo, continues struggling to maintain its already depleted water supply amid the effects of a severe drought and indiscriminate usage. Facing critical water levels, the government has resorted to tapping its reserve supply and issuing fines to consumers for wasteful water usage. Local officials estimate the city’s main reservoir, Cantareira, is…
Brazil’s three top presidential candidates for election in October struggle to distinguish their platforms for an electorate that is increasingly skeptical about the government’s ability to maintain economic stability and induce long hoped-for development.
The Organization for Economic Cooperation and Development, which represents a group of advanced economies, lowered its projection for Brazil’s economic growth in 2014 to 1.8% as doubts remain over the impact of still accelerated inflation, rising interest rates and a sluggish recovery of growth abroad.
