According to widespread reports, Brazil’s largest political party, the PMDB, will later today announce that it plans to leave government – leaving President Rousseff closer to impeachment, and paving the way for VP Michel Temer to take over as soon as May. A Temer government would be more market-friendly, but we suspect that most of the good news is now priced in.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services