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The Conversation USA

The Conversation USA

How did Brazil go from rising BRIC to sinking ship?

  • Written by Steven M. Helfand, Associate Professor of Economics, University of California, Riverside
imageBrazil's economy was once considered ready to take flight. What happened?

Most of the headlines in recent weeks have focused on Brazil’s troubling political crisis. But the country is also in the midst of a deep economic recession.

The economy has been shrinking since the second quarter of 2014. It contracted by 3.8 percent in 2015 and is...

Read more: How did Brazil go from rising BRIC to sinking ship?

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