RIO DE JANEIRO, BRAZIL - Brazilian financial markets ended a week of panic over the juggling act of Jair Bolsonaro's government to break the spending ceiling, which has led to the resignation of high-ranking officials of the Ministry of Economy.
The São Paulo stock market index Ibovespa, already down 2.75% on Thursday, closed down 7.3% for the week and 1.34% on Friday, recovering slightly after falling 4.5% during the session amid growing uncertainty over the fiscal direction of Latin America's largest economy.
Read also:
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here