Brazil Is Living the Illusion of a “Calm Lake,” While Structural Problems Linger Beneath the Surface, Says Luis Leal
Our partner and Chief Economist, Luis Otavio Leal, spoke with InfoMoney about the signs of fragility behind Brazil’s positive economic indicators.
Despite economic growth, historically low unemployment, and resilient activity levels, factors such as high real interest rates, household indebtedness, and pressure on corporate cash flow raise concerns about the sustainability of this scenario. According to Leal, there is an apparent sense of calm, but significant risks continue to build beneath the surface.
Read the full article here.
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