The economy in Brazil, Latin America’s largest nation, is in free fall.
Inflation and unemployment rates are rising, and citizens are demanding more from their government.
Recently, Brazilian citizens took to the streets to call for their president’s impeachment. Accusations of President Dilma Rousseff inaccurately reporting the Brazilian budget before her re-election in 2014 are floating around.
Marketplace host Molly Wood talked to the BBC’s South America Correspondent Wyre Davies to get a sense of what’s plaguing Brazil.
“Ten years ago Brazil was the darling of the developing world,” Davies said. “All of that has faded away and made this huge corruption scandal an economic crisis. This is an almost unrecognizable country from where it was 10 years ago.”
If you’re a member of your local public radio station, we thank you — because your support helps those stations keep programs like Marketplace on the air. But for Marketplace to continue to grow, we need additional investment from those who care most about what we do: superfans like you.
Your donation — as little as $5 — helps us create more content that matters to you and your community, and to reach more people where they are – whether that’s radio, podcasts or online.
When you contribute directly to Marketplace, you become a partner in that mission: someone who understands that when we all get smarter, everybody wins.