Brazil’s Fiscal Credibility Erodes, Prompting Investment Downgrades
Brazil’s economic landscape faces a critical juncture as fiscal credibility erodes. The government’s recent announcements have sent shockwaves through financial markets. International investors are reassessing their positions in Brazilian assets. Julius Baer, a Swiss bank, downgraded its exposure to Brazilian stocks on November 29, 2024. Other international banks as JPMorgan and Morgan Stanley have also […]