Economics
Brazil’s Damaged Engine Signals Disappointing Growth Ahead
- Growth disappoints for third year after deepest-ever recession
- Policy mistakes seen lowering potential GDP to about 2%
Rail cars filled with iron ore train arrive at the Tecar iron ore and coal port in Sepetiba bay in Rio de Janeiro.
Photographer: Dado Galdieri/Bloomberg
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Brazil’s economic recovery is failing to materialize for a third straight year. It risks not happening anytime soon as the country’s growth engine seems broken.