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Brazil's Battered Economy

Brazil's economy will shrink by 1.5% this year, the IMF predicts. One reason is that slower economic growth in China means Brazil is exporting fewer commodites.

Brazil's economy will shrink by 1.5% this year, the IMF predicts. One reason is that slower economic growth in China means Brazil is exporting fewer commodities. What is more Brazil's government overspent during the boom years for commodities and now it is introducing painful cutbacks. The Βι¶ΉΤΌΕΔ's correspondent in Sao Paulo, Daniel Gallas, reports on the people and businesses feeling the pinch.

Plus, after Japan's Mitsubishi recently apologised for using American servicemen as slave labour during World War Two, we ask independent reputation management consultant Magnus Carter if is there is a right way for companies to say sorry?

(Photo: Partially completed building in the Vidigal favela, Rio de Janeiro, Brazil. Credit: Getty Images)

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18 minutes

Last on

Tue 28 Jul 2015 16:05GMT

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  • Tue 28 Jul 2015 07:32GMT
  • Tue 28 Jul 2015 16:05GMT

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