06-2021 Latin American Economy & Business
Economy & Business Report
Colombia loses investment grade with S&P
In the final round of Brazil’s municipal elections, left-leaning parties were roundly defeated by their right-wing rivals. As Brazil remains entrenched in one of the country’s worst recessions since the 1930s, the pink tide of populism which presided over the boom period is firmly retreating, prompting speculation that Brazil’s next head of state after the 2018 presidential elections will also be a right-winger.
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