Brazil is the largest and most populous nation in Latin America and although many are aware of how hard it has been hit by COVID, its problems long predate the virus. In this special report available for Plus and Pro members, John Floyd head of macro strategies and portfolio manager at Record Currency Management updates readers on the current macro situation in Brazil. He lays out some of the countries biggest problems like an exploding budget deficit and low governmental effectiveness and high corruption while also acknowledging the historical cheapness of the Real and the silver lining of decent FX reserves and supportive prices of exports.
