Brazil’s Market Turmoil Sparks Worries Over ‘Fiscal Dominance’
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I’m Walter Brandimarte, managing editor for Latin America economics and government. Today we’re looking at turmoil in Brazil. Send us feedback and tips to ecodaily@bloomberg.net or get in touch on X via @economics. And if you aren’t yet signed up to receive this newsletter, you can do so here.
As 2024 kicked off, there was a lot to feel good about in Brazil. Latin America’s largest economy had weathered a Federal Reserve tightening cycle with flying colors, and could look forward to US interest-rate cuts. Inflation was within target. An export boom was underway.