Here's Why Consumption in Latin America's Biggest Economy Is Taking a Hit

Recession and inflation hobble growth and companies shed workers

When Brazil’s Dilma Rousseff was sworn in for her second presidential term in January, she proclaimed that maintaining jobs and raising salaries were her “greatest priority.” Months later, real wages are falling and — even with people leaving the workforce — unemployment has spiked to its highest in more than six years. How does all this look on the ground?

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