As Brazil’s Recession Deepens, Spending and Business Investments Continue to Decline Across Defense, Automotive and Energy Sectors, IHS Says

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ENGLEWOOD, Colo. (April 25, 2016) – As Brazil’s parliament votes to proceed with the impeachment of President Rousseff, Brazil’s public sector deficit sits in the 10 to 11 percent range. After years of rising state spending, the deficit is at the core of Brazil’s economic problem. With public debt set to reach 100 percent of GDP before 2020, a return to fiscal prudence will be central to any recovery, according to new analysis from IHS (NYSE: IHS), the leading global source of critical information and insight.

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