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28 2019 Brazil Posted Lackluster Economic Growth In 2018 By Jeffrey T

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br/gt -Here’s a paragraph describing one country.The economy hasWall Street Journal, Feb. 28, 2019
Brazil Posted Lackluster Economic Growth in 2018 By Jeffrey T. Lewis SAG PAULO—Brazil’s economic growth disappointed in 2018 after a truckers strike almost
halfway through the year slammed manufacturing, and govemment— and consumer—spending
restraint sapped demand. The 10—day strike at the end of May, during which truckers blockaded highways around the
country, halted shipments to factories, shops and hospitals and hurt Brazil’s key agricultural
sector by slowing exports and deliveries of needed supplies. Brazil held presidential elections in October, and the outcome was unclear for months before
voting, pushing many of the country’s businesses to hold back on investment. An economic
crisis in neighboring Argentina, a major market for Brazilian industrial exports, also hit demand
for those products. All those things have negative effects on growth, said Pedro Ramos, head of economic
analysis at Porto Alegre—based financial cooperative Sicredi, adding that Brazil has passed
through several tumultuous years that have included a deep recession, a president being
impeached and removed from office and a giant corruption scandal centered on the country’s
biggest company and its construction industry. It’s hard for the economy to grow, to find
companies to invest here, with so much volatility, he said. Former President Michel Temer, who took office in 2016 after President Dilma Rousseff was
ousted, reined in spending as he struggled to control the budget deficit and reduced domestic
demand as a result. Government spending was stagnant in 2018 compared with 2017, according
to the IBGE. With the inauguration on Jan. 1 of President Jair Bolsonaro, after an election campaign in which
the law—and—order candidate also promised to make changes to the country’s insolvent pension
system, economists and investors are cautiously optimistic about growth in 2019. Indeed, some businesses in Brazil say they already saw a change in sentiment starting in the
fourth quarter of last year, after Mr. Bolsonaro’s lopsided election victory, and economists are
forecasting economic growth of about 2.5% in 2019. Wall Street Journal, March 29, 2019
Brazil’s Leader Is Tripped Up by His Own Resolve By Paulo Trevisani and Samantha Pearson BRASlLIA—Brazilians elected former army captain Jair Bolsonaro as their president on his
resolute oath to end a political culture of kickbacks and backroom wheeling and dealing. Macroeconomics