Big business could help Brazilian president survive political storm

Brazil's President Dilma Rousseff looks on during a ceremony for the Investment Program in Electricity at the Planalto Palace in Brasilia, August 11, 2015. REUTERS/Ueslei Marcelino
Brazil’s President Dilma Rousseff looks on during a ceremony for the Investment Program in Electricity at the Planalto Palace in Brasilia, August 11, 2015. REUTERS/Ueslei Marcelino

Brazilian business leaders may have ideological differences with struggling leftist President Dilma Rousseff, but calls for her impeachment make many of them nervous, effectively giving her support from an unexpected quarter.

The business community worries that a traumatic ouster would pile a period of deep political uncertainty onto a downturn that economists say could translate into a 2 percent contraction of the economy this year.

That tacit support of big business and a tentative deal with a restive Senate is helping Rousseff survive a crisis just seven months into her second four-year term.

“An impeachment is a traumatic affair that affects the political and business arenas at a time when Brazil is struggling to regain its credibility abroad,” said Alencar Burti, president of the Sao Paulo state Federation of Chambers of Commerce, which represent some 200,000 business owners.

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