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Significance
Only a month into her second term, President Dilma Rousseff faces an increasingly complicated panorama. In addition to fallout from corruption investigations into state-controlled oil major Petrobras, there is growing discontent over tax rises and cuts in social security benefits. Electricity and water shortages may also trigger instability in coming months.
Impacts
Fiscal tightening measures do not address the structural causes of Brazil's uneven economic performance.
The continuing lack of rain points to a rising risk of water and electricity rationing.
Rousseff is at risk of being implicated in the Petrobras bribery scandal, having chaired the company's board between 2003 and 2010.
Keywords:
Brazil,
LA/C,
economy,
industry,
politics,
social,
consumer,
corruption,
electricity,
energy,
fiscal,
government,
growth,
judicial,
legislation,
monetary,
natural resources,
oil,
opposition,
policy,
protest,
utilities,
welfare
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2015
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