Brazil Adjusts Economic Reform Agenda to Post-Crisis Reality
- Temer unlikely to advance labor, pension reforms: analysts
- Market volatility has surged as investors react to politics
Aviva's Ballard Says Brazil Is in a Tough Position
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Engulfed by a crippling corruption scandal, Brazilian President Michel Temer is regrouping his diminished political base and pushing a more modest legislative agenda in an effort to showcase some normalcy.
Temer’s largest coalition partners have agreed to conditionally support him and a series of bills that had been stalled since last week, including a proposal to deregulate the labor market. Meanwhile, the Supreme Court delayed a ruling on Monday whether to continue a corruption probe against the president, a decision he may well have lost.