Latin America & the Caribbean

Brazil doesn’t have a fundamental economic problem. It has as a credibility problem that can be solved relatively quickly if you have a government able and willing to do the right thing and the international community is able and willing to support Brazil.

Following the 1998 economic crisis in Russia, which had depressing effects across the developed world, Latin America passed from having two thirds center/right governments, to two thirds center/left, but some of it, radical left. What we are seeing is the reverse, albeit in a more moderate fashion.