Translation - Growing Fears about the Brazilian economy

Crecen los temores sobre la economía de Brasil

Growing Fears about the Brazilian economy

The country risk rose nine percent to 700 points. The dollar surpassed three real. For the Fund [International Monetary Fund], it is a temporary situation. Lula, questioned by some of his allies, affirmed the direction of his economic policy.

Brazil is experiencing turbulent economic times, a product of international and domestic problems. As a result, its country risk grew by 9 percent this afternoon while the dollar closed at 3.062 real, complicating President Lula da Silva’s financial program.

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