Brazil's Public Sector Debt
Economic activity in South America remains weak. The immediate prospects depend largely on how Brazil, the region’s biggest economy, manages its current public-sector debt problems. A Brazilian default could have major consequences for South America and repercussions for U.S. economic policies.
Suggested citation: "Brazil's Public-Sector Debt," Federal Reserve Bank of Cleveland, Economic Trends, no. 02-10, pp. 08-09, 10.01.2002.