BRAZIL Latin America’s erstwhile star is in its worst mess since the early 1990s

Brazil

In a quagmire

Latin America’s erstwhile star is in its worst mess since the early 1990s

Feb 28th 2015 | From the print edition The Economist

Brazil is not the only member of the BRICS quintet of large emerging economies to be in trouble. Russia’s economy, in particular, has been battered by war, sanctions and dependence on oil. For all its problems, Brazil is not in as big a mess as Russia. It has a large and diversified private sector and robust democratic institutions. But its woes go deeper than many realise. The time to put them right is now.

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