ASSESSMENTS

Brazil Anticipates a Freer Economy and the Growth That Comes With It

Oct 26, 2017 | 09:00 GMT

Brazil's P-51 semisubmersible offshore oil platform was built to produce up to 180,000 barrels of oil per day.

Brazil's P-51 semisubmersible offshore oil platform was built to produce up to 180,000 barrels of oil per day. The country's energy industry is one of the main targets of the government's move toward economic liberalization.

(VANDERLEI ALMEIDA/AFP/Getty Images)

Highlights

  • Important economic reforms are underway across a variety of sectors in Brazil, and the country is already seeing results.
  • Changes in the country's energy sector are part of a broader trend toward economic liberalization.
  • Brazil will continue on its path to economic recovery, despite political instability caused by corruption scandals. 

After two years of recession and continued political instability, Brazil seems to be headed toward economic recovery. President Michel Temer, though currently under investigation for corruption, has been steadfast in his efforts to implement financial reform and lead his country down a path toward economic liberalization. And though the Brazilian government's leadership woes will only grow, Latin America's largest economy seems to have become somewhat capable of decoupling itself from political issues....

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