With a population of 204 million, Brazil is the world’s eighth-largest economy.
Government spending growth pushed public debt to 78% of GDP. The economy has also been affected by multiple corruption scandals involving private companies and government officials.
From 2000 to 2012, Brazil was one of the fastest growing major economies in the world, with an average annual GDP growth rate of over 5%.
After experiencing a recession the economy recently started to recover with a small % GDP growth, compared to the same period of the previous year, officially exiting the recession.
Its diverse economy makes it a favorite spot for equity investors, and its generally high interest rates and transparent monetary policy make it a favorite among fixed income investors worldwide