Brazilian President Luiz Inacio Lula da Silva recently boosted the nation's stimulus plan.
Gallon of gas $4.17
Interest Rates 11.25%
Challenges Sinking crude prices have dealt a tremendous blow to this oil-driven economy. Falling global demand for oil and manufactured goods have driven up unemployment, and in January, Brazil experienced a trade gap deficit for the first time in eight years. Many economists say the largest Latin American economy is in a recession.
Solutions President Luiz Inacio Lula da Silva's administration boosted an existing government infrastructure plan, called the Accelerated Growth Program, by about $62 billion to $280 billion in February. The central bank has also orchestrated increased lending programs to banks, lower interest rates and currency swaps with the U.S. Federal Reserve.
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Sources: IMF, national statistics offices, central banks, national stock exchange, AIRINC