Brazilian Economy in Deep Trouble: Unemployment and Debt Soar

According to this Goldman-Sachs report, the rate of unemployment in South America’s largest economy is now 11.6%, up 3 million from the previous year. Brazil’s  gross debt is close to 70% of its Gross Domestic Product. Now that Dilma Rousseff has been replaced by a neoliberal market fundamentalist we are sure it will only get worse.

Read in Zero Hedge

About Barbara MacLean

Barbara MacLean has worked as an academic and career counselor at California State University, East Bay (CSUEB), Merritt and West Valley Colleges and as a career counselor and manager of the Oakland One Stop Career Center, a public career and jobs center in partnership with EDD. She is a co-founder and editor of Planning Beyond Capitalism.

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