Who Can Save Brazil's Lousy Economy? [Forbes]
Petroleo Brasileiro S.A.- Petrobras American Depositary Shares (PBR.A)
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Source: Forbes
Kenneth Rapoza Contributor i Markets I write business and investing stories about emerging markets. A woman waits outside the Labor Ministry as she looks for work in Rio de Janeiro, Brazil. At least 14 million Brazilians are out off work. It's not getting better. (AP Photo/Silvia Izquierdo) Who can save Brazil’s lousy economy? For most investors, the answer is presidential candidate Geraldo Alckmin. Though his support among the public is less than 10%, according to polls. And he is not lighting the world on fire down there either. Alckmin is more of the same: a muddle through, following over two years of recession, a year of low growth, and a decade-long Petrobras scandal that brought Brazil to its knees. The top candidate is a no-chance, jailed ex-president, Luiz Inácio Lula da Silva, and a firey congressman named Jair Bolsonaro who is more known for his attacks on Rio potheads and violent crimi
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