Economic

Brazil’s economy tanks as multibillion-dollar corruption scandal expands

“Just a few years ago, Brazil was a favorite of investors — one of the ‘BRICS’ group of emerging markets named for Brazil, Russia, India, China and South Africa. Its economy grew more than 7 percent in 2010. Yet last week, ratings agency Standard & Poor’s reduced Brazil’s credit rating from investment grade to junk.”

Source: Brazil’s economy tanks as multibillion-dollar corruption scandal expands – The Washington Post

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