Without a net

Austerity measures in Brazil on account of a corruption scandal in one of the country’s marquee oil refinery projects have resulted in an economic slowdown.However, there are bright spots ahead: Mining operations remain strong and Rio de Janeiro will be home to the Summer 2016 Olympic Games.“Without a Net” also includes a sidebar about the BRIC countries—shorthand for the developing economies of Brazil, Russia, India and China—falling into recessions, with only one growing robustly. A senior research director for global economics at IHS Global Insight breaks down the numbers.
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