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 Now that Dilma Rousseff has been replaced by a neoliberal market fundamentalist we are sure it will only get worse.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

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