/ Brazilian Economy in Deep Trouble: Unemployment and Debt Soar
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 Now that Dilma Rousseff has been replaced by a neoliberal market fundamentalist we are sure it will only get worse.
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About The Author
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.