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Special Report

Brazil: Impeachment Is No Panacea

by Marko Papic, Chief GeoMacro Strategist   Arthur Budaghyan, Chief EM/China Strategist  

Brazil is not a buy. Impeachment alone is not a solution to Brazil's problems. Recent political changes will prove insufficient to alter the public debt dynamics in Brazil. Investors should focus on the bigger picture. Without severe fiscal austerity, Brazil is headed for a debt crisis in the next few years.

BCA Research | Geopolitical Strategy

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