Home News Bad news for Brazil’s budget – Global X Brazil Consumer ETF (NYSEARCA:BRAQ)

Bad news for Brazil’s budget – Global X Brazil Consumer ETF (NYSEARCA:BRAQ)

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Brazil has abandoned its fiscal targets for this year and through 2020, after a bribery scandal crippled President Temer’s ability to push economic reforms through Congress and left the public sector with a gaping budget hole.

That means Brazil’s government debt burden, already the heaviest of any major Latin American economy at 73.1% of GDP, is set to continue rising fast in the coming years.

ETFs: EWZ, BRF, BRZU, BZQ, EWZS, BZF, BRAQ, UBR, BRAZ, DBBR, FBZ



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