Following two consecutive years of recession, 2017 may mark a turning point for South America. Simultaneously mired by political scandal, high inflation, growing government debt, increasing unemployment and declining output, politico-economic turbulence in Brazil has dragged down economic activity on the continent. Though, while the new Brazilian government introduces fiscal reforms with a renewed commitment to growing the economy, there are no guarantees that Brazil’s re-emergence will necessarily benefit its neighbours if it continues its approach to regionalism.
Con la partida de los espectadores de la Copa, Brasil vuelva a la normalidad, libre de las distracciones la ola de nacionalismo producidos por el fútbol. Las elecciones presidenciales de Octubre se acercan, y la presidenta Dilma Rousseff deberá superar varios obstáculos en su búsqueda de la reelección. Por debajo de la emoción de la Copa, una serie de cuestiones sociales, económicas e internacionales nunca dejaron de agitarse.
During the first years of the new century, the Brazilian economy experienced an economic growth spurt, and its society became more equal than before. It was included among the most important developing economies worldwide (the "BRICS") and was often regarded as an example to be followed. Recently, however, it seems as if it had lost its way toward development.