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Smoke Signals: Debt In Brazil

Many analysts ask whether Brazil is in a situation of fiscal dominance, which happens when the dynamic of the public debt in proportion to GDP is perceived as explosive by economic agents. In the absence of a fiscal adjustment or a debt default, this winds up pressuring prices to the point where the central bank loses control of inflation, explains Zeina Latif, Chief Economist of XP Investimentos.

Feb 19, 2016 // 8:39AM

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