Brazil Investor Impeachment Euphoria Fades as Quickly as It Came
- Lower house voted on Sunday in favor of ousting Rousseff
- Real declines after central bank sells reverse swaps
What's Next for Brazil if Dilma Rousseff Goes?
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Investors in Brazil may find that getting what they wished for isn’t all it was cracked up to be.
Both the real and the Ibovespa declined even after the lower house of Congress voted to proceed with President Dilma Rousseff’s ouster. The scope of gains going forward is seen as limited given the difficulty in tackling the country’s economic and fiscal crises no matter who is in power, according to long-time watchers.