VOICED : Brasil alcanza inflacion record

VOICED : Brasil alcanza inflacion record

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Interactive Video

Geography, Social Studies, Business

9th - 10th Grade

Hard

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In 2015, Brazil's inflation hit 10.67%, the highest since 2002, far exceeding the government's target of 4.5%. The Brazilian Institute of Geography and Statistics reported this, highlighting the economic challenges faced by the country. Prices are expected to continue rising, with a forecast of 6.2% inflation by the end of 2016. Brazil, the largest economy in Latin America, has been struggling with an economic slowdown that turned into a crisis in 2015, leading to a recession in the second quarter. This situation has reduced Brazil's savings capacity and forced multiple budgetary adjustments. Despite high inflation, maintaining employment and economic stability is prioritized. The IMF predicts continued recession in 2016, compounded by political and institutional crises, posing significant challenges for Brazil, which is set to host the Olympics.

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