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We would all like, in four years’ time, to be able to parody Mark Twain and say: “Reports of the death of Brazil have been greatly exaggerated.” By Marcos Troyjo We would all like, in four years’ time, to be able to parody Mark Twain and say: “Reports of the death of Brazil have been greatly exaggerated.” These presidential elections are unfolding in circumstances that reinforce the “Perfect Storm” theory. Poor macroeconomic management, the end of cheap liquidity for emerging markets, dangerously aligned vectors that have pushed Brazil into a delayed process of adjustment, driven not by the economic authorities […]
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