Brazil: Political Crisis and Hunger for Change?

... with Switzerland, Brazil has been able to recover 120 million dollars that had been illegally transferred; 400 million dollars are still frozen in Swiss banks pending the completion of the audit of Petrobras and its contractors. Economic background of corruption scandals REUTERS/Nacho Doce/Pixstream Eric Ehrmann: Protests Test Resilience of Brazil's Democracy The start of Dilma Rousseff’s second mandate has coincided with a deterioration in the economic situation characterized as stagflation. According to official data, in 2014 the economy grew by only 0.1 percent and preliminary estimates forecast a shrinking of GDP in 2015 by 1.3 percent. The expected inflation will exceed initial forecasts and its annualized rate will reach 8.23 percent (the highest rate since 2003). The exchange ...