Business: Why the Future of Brazil’s Economy Rides on Pensions

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Why the Future of Brazil’s Economy Rides on Pensions https://www.washingtonpost.com/business/why-the-future-of-brazils-economy-rides-on-pensions/2019/07/10/01cf6d3a-a371-11e9-a767-d7ab84aef3e9_story.html Jul 11th 2019, 00:10
Media files: https://www.washingtonpost.com/rf/image_90w/2010-2019/Wires/Online/2019-07-10/Bloomberg/Images/2019-07-10_why-the-future-of-brazil-s-economy-rides-on-pensions-quicktake-1.png?t=20170517https://www.washingtonpost.com/rf/image_606w/2010-2019/Wires/Online/2019-07-10/Bloomberg/Images/2019-07-10_why-the-future-of-brazil-s-economy-rides-on-pensions-quicktake-1.png?t=20170517https://www.washingtonpost.com/rf/image_1024w/2010-2019/Wires/Online/2019-07-10/Bloomberg/Images/2019-07-10_why-the-future-of-brazil-s-economy-rides-on-pensions-quicktake-1.png?t=20170517
Latin America’s largest economy, Brazil, is at a crossroads. Fixing its public finances could open the door to a virtuous cycle of expansion; failing that, it risks slipping deeper into junk-level credit ratings and sub-par growth. Much depends on the nation’s costly pension system, the target of the first sustained legislative drive by President Jair Bolsonaro, his economic team and allies. After efforts to muster support for a major pension reform failed under previous administrations, the pus

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