Brazil risks a recession as presidential campaign heats up


  • World
  • Wednesday, 16 Jul 2014

Brazil's President Dilma Rousseff reacts during a meeting of the Council for Economic and Social Development (CDES) at the Planalto Palace in Brasilia June 5, 2014. REUTERS/Ueslei Marcelino

RIO DE JANEIRO (Reuters) - Brazil's sluggish economy faces substantial risk of falling into a light recession in 2014, and may already have done so, providing opposition candidates with extra ammunition in the run-up to October's presidential election.

Latin America's largest economy has slowed to average growth of just 2 percent a year since President Dilma Rousseff took office in early 2011 and, coincidentally, global demand for commodities ebbed.

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