Brazil’s Temer wins presidency and huge problems

Temer

Brazil’s new president, Michel Temer, has an unusually short time to get through an unusual — even daunting — list of tasks, starting with fixing one of the world’s biggest economies.

Dilma Rousseff’s dismissal from the presidency in her impeachment trial on Wednesday was a triumph for her former vice president turned bitter enemy.

But now Temer has what’s left of Rousseff’s second term — two years and four months up to the end of 2018 — to deal with the same problems that overwhelmed her.

With Brazil in its deepest recession since the 1930s, Temer’s main hope is that he can turn the economy around. Unemployment rose to 11.6 percent in May to July while GDP shrank 0.6 percent in the second quarter.

Leave a comment

Your email address will not be published.


*


This site uses Akismet to reduce spam. Learn how your comment data is processed.