Brazil Recession Fears Are Proving Overblown, BE Modeling Shows
Luiz Inacio Lula da Silva is facing growing backlash over his handling of the economy with working Brazilians fuming over spiking prices of stable foods.
Photographer: Tuane Fernandes/BloombergThis article is for subscribers only.
Brazil’s economy is cooling under sky-high interest rates but faces relatively low risks of imminent recession, according to new research from Bloomberg Economics.
As of February, Bloomberg’s recession modeling found that there was just 10% odds that the economy was in contraction. The model seeks to gauge whether or not the economy is currently in a recession, rather than the future chances of one.