Brazil is in a state.
The economy probably contracted last year, will likely do so again in 2015 and the recession may extend through 2016.
And there is little anyone can do about it.
The government can't stimulate the economy as inflation is soaring and it needs to cut spending to bring public accounts under control. If it ignores these issues, it risks an economic meltdown.
Politics is also a mess. President Dilma Rousseff was just re-elected in October but her approval rating is way down (only 11% approved of her government in March) amid a ...