In 2023, Brazil’s economy faced a significant challenge under President Luiz Inácio Lula da Silva’s administration. The country recorded a primary deficit of R$ 230.54 billion ($47.05 billion), the second-worst in its history since 1997. This deficit was only surpassed by the one in 2020, the initial year of the COVID-19 pandemic. This downturn, from […]
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