worker stands in a partially completed construction project in the Vidigal 'favela', or community, on March 3, 2016 in Rio de Janeiro, Brazil. Mario Tama/Getty Images. All rights reserved.
The Brazilian recession is deepening and we are still looking for the bottom (and hoping that we are not going to find a “hatch” when we hit there). Inflation gives no sign of relief and fiscal figures are getting worse. This is not the first time I address this issue (see here), nevertheless I think we should tackle it from a different perspective: the “microwave-pizza impact” on Brazilian near future. Spoiler alert: it is not a good thing.
The current fiscal dynamics
