Related Articles
Report
Forward article link
Share PDF with colleagues

Slower, lower, weaker: Brazil under Rousseff

Brasilia’s political crisis is deepening. Is there still hope for energy investors?

BRAZIL’S president Dilma Rousseff has suffered some blows lately – but none as stunning as that in April, when the lower house of congress voted overwhelmingly for her impeachment. The decision has tipped Latin America’s largest economy, and one of its most important oil producers, into its worst political crisis in decades and sets up a long and ugly period for the country. “It’s not the beginning of the end. We’re at the beginning of a fight – a long, drawn-out fight,” Rousseff, the former guerrilla fighter, declared after the vote. Besieged by a faltering economy and an epic corruption scandal at Petrobras, Rousseff now sees her political fate rest with Brazil’s upper house. Given the wi

Also in this section
Nigeria's election hangs over energy sector
19 April 2018
Africa's biggest economy is growing again. But next year's vote is stalling reform and investment in its crucial energy sector
Syria: ruthless business as usual
18 April 2018
The joint US-UK-French strikes on chemicals targets in Syria won’t affect the war—but they could damage Trump's image in the region
Elections a new rupture point in Venezuela crisis
16 April 2018
A Maduro loss in May's election could be a turning point, but recovery will be lengthy