Economics
Brazil's Economic Czar Is Gloomy About ‘Dramatic’ Situation
- Delfim Netto concerned about fiscal accounts, unclear election
- Truckers’ strike undermined whatever confidence was left
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Antonio Delfim Netto is no stranger to crisis. But he’s worried about Brazil this time.
The 90-year-old former finance minister and long-time economic adviser to the country’s top politicians has been through it all, from currency changes to a sovereign debt default to a series of recessions following the so-called economic miracle of the 1970s. Still, he recently found himself perplexed by a Datafolha poll showing almost two thirds of Brazilians aged 16 to 24 would leave Brazil if they could, a sign of disenchantment with Latin America’s largest economy.