Brazil’s Economy Is On The Verge Of Total Collapse

by Tyler Durden
ZeroHedge.com
01/30/2015

Today’s Brazilian economic data follows up quite well to our article from a month ago “Brazil’s Economy Just Imploded” and as the earlier article on the crashing Brazilian Real hinted, things for the Brazilian economy how gone from imploding to, well, worse because not only did the twin fiscal and current account deficits rise even more, hitting a whopping 11% of GDP – the worst since August 1999, but its government debt soared to 63.4% in 2014, up from 56.7% a year ago, and the highest since at least 2006. In short – the entire economy is now on the verge of total collapse.

The Rest…HERE

This entry was posted on Friday, January 30th, 2015 at 2:54 pm and is filed under Economics, Government Evil, New World Order. You can follow any responses to this entry through the RSS 2.0 feed.