Related: Ray Dalio: ‘Two Years Left’ in Current Market Cycle
Economy in Slow Recovery
The economy will certainly be on the minds of voters next week as the Brazilian economy has been slogging its way to a recovery after it experienced its worst recession to date as unemployment levels remain high with double-digit figures and the country is drowning in public debt–equal to 74% of GDP.
While the annual GDP growth has posted positive gains as of late, it’s still not at a level where economists are optimistic about the future growth prospects. The idea situation to address Brazil’s current financial woes is to elect a president who is market-friendly to help stymie the issues by effecting policies that favor economic expansion and growth.
For more trends on leveraged and inverse ETFs, visit the Leveraged & Inverse ETF Channel
