Brazil Declines in Global Competitiveness Index

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – Adding to Brazil’s economic woes, a report released on Tuesday, September 29th, shows the country falling eighteen spots in a global competitiveness index. According to the World Economic Forum’s Global Competitiveness Report 2015-2016 the country’s weak macroeconomic scenario and recent corruption scandals have undermined the country’s competitive ability.

Brazil has fallen to the 75th position behind other BRICS countries such as India, South Africa and Russia, as well as other smaller Latin America economies, such as Uruguay, Peru and Costa Rica.

“The country’s performance . . .

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