The Brazilian Economic crisis of 2014
The Economic Crisis of Brazil, 2014 The 2014, Brazilian Economic crisis has reached social, political, and economic domains. Meddling with the fiscal monetary policies along with political instability due to Petrobras scandal has caused such a big impact that it will be remembered for generations together as it has made a mark in the history. REASONS FOR THE 2014 BRAZIL'S ECONOMIC CRISIS Brazil has the 9 th largest economy in the world, yet Brazil had fallen short of capitalizing on its own potential. The major factors that led to this were: 1. Political instability 2. Macroeconomic policy mistakes Political instability: It is important to understand the politics of Brazil to understand the economics of Brazil. Prior to 1985, brazil was ruled by a ruthless dictatorship. Eventually people came out and there was an election held. Mr. Lula De Silva was elected as the president in the elections . He was the founding m...