News that the Brazilian economy fell by 3.6% in 2016 and is 8% smaller than it was at the end of 2014 is a body blow for the South American economy. The decline of 0.9% in gross domestic product in the final three months of 2016 brings to 8 the number of consecutive quarterly declines in the economy. When you bear a mind that Donald Trump has focused much of his anger on South America, and Mexico in particular, this must now surely play into the American president’s hands? Read full article
