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The Lava Jato corruption scandal deepens its hold on Brazil

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Report summary

Brazil's economy had already begun to stagnate in 2014, but the combination of austerity measures and fallout from the Lava Jato ("car wash") corruption investigation introduces further downside in 2015. Petrobras is at the centre of the scandal, which has implicated the upper ranks of the country's business and political establishments. On the policy front, there is growing pressure to re-examine the pre-salt reform measures in an effort to mitigate the scandal's impact.

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    The Lava Jato corruption scandal deepens its hold on Brazil

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Table of contents

  • Executive Summary
  • Brazil's largest ever corruption scheme
  • Distractions and more distractions
  • Economic woes
  • Petrobras scales back its ambitions
  • A local service sector hit hard

Tables and charts

This report includes 3 images and tables including:

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  • President Dilma Rousseff - Approval ratings
  • Brazil GDP forecast
  • Brazil industrial production forecast

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