Brazil Political Deterioration May Be Irreversible:Goldman Sachs
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Alberto Ramos (Goldman Sachs Group Inc/The)
Michel Temer (Federative Republic of Brazil)
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UUID: 7947283
(Bloomberg) -- Brazil Electoral Court ruling was favorable for President Temer, but his legal and political challenges may not be over, Goldman Sachs’ Chief Economist for Latin America Alberto Ramos writes in report.
- Temer’s governability has been weakened by recent developments and is unlikely to return to prior condition, even if he successfully overcomes potential legal challenges
- “This reflects, in our assessment, what could well be an irreversible deterioration in political conditions and a loss of political capital by the Temer administration in Congress given, among other considerations, the shock to the political environment and the broad repercussions of the recent developments among the electorate and the press”
- President Temer’s key short-term challenges could be more political and social than legal, adding uncertainty and weakening the outlook for reforms: Ramos
- NOTE: Temer Rides Out Brazil Crisis for Now as Allies Seek Status Quo
Alert: HALISTER1
Source: BFW (Bloomberg First Word)
People
Alberto Ramos (Goldman Sachs Group Inc/The)
Michel Temer (Federative Republic of Brazil)
To de-activate this alert, click here
To modify this alert, click here
UUID: 7947283