Americas: Macroeconomic overview
Investor confidence in Brazil’s economy remains shaky as the political drama around Dilma Rousseff’s impeachment intensifies.
Brazil’s Senate decided on 12 May to put Rousseff on an impeachment trial, and she is suspended from office pending the outcome. The Senate has 180 days to conduct the trial, during which Vice President Michel Temer will be the acting head of state. At the end of the trial, if two-thirds of the 81-member Senate vote to impeach Rousseff, she will be stripped of her political rights and barred from running for office for eight years.