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.
Bonds & Loans is a trusted provider of news, analysis, and commentary that helps illuminate the most significant issues, events and trends impacting the global emerging credit markets.
