Research and analysis

Brazil: economy downgrade points to need for fiscal reform – March 2014

Standard & Poor cut Brazil’s credit rating because of growing budget deficit.

• From: Foreign & Commonwealth Office
• Published: 16 April 2014

This publication was withdrawn on 18 June 2014

This document is no longer current.

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Brazil: Economy Downgrade Points to Need for Fiscal Reform – March 2014

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Standard & Poor’s cut Brazil’s credit rating because of a growing budget deficit. The Finance Ministry, caught by surprise, strongly criticises the decision Decision throws down a marker about the consequences of delay to reforms.

Published 16 April 2014