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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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