Day: December 13, 2019

Foreign investors cast shadow over bumper Brazilian markets

It is likely that foreign investors have been less willing to buy into Brazil’s recovery story than locals have. Reform momentum appears to have stalled after the passage of a landmark pension reform this year. Despite signs of nascent economic growth after a deep recession in 2015-16, unemployment is persistent at almost 12 per cent. Household debt is rising and its quality is deteriorating.