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Investors boost bets on post-Rousseff Brazil

Friday, May 13, 2016 - 01:01

Investors boost bets on post-Rousseff Brazil but doubts persist with the country facing economic challenges. Deborah Lutterbeck reports.

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Investors boosted their bets on a post-Rousseff Brazil -- with the country's stock index rising more than 20 percent on news that that the President has been suspended from office. Now Dilma Rousseff, a leftist in office since 2011, has been replaced by her vice president, centrist Michel Temer. He takes over as interim president for the duration of a Senate trial that could take up to six months. Economist Andre Perfeito says investors should proceed with caution. (SOUNDBITE) (Portuguese) ECONOMIST ANDRE PERFEITO SAYING: "The future belongs to the politicians. It is the politicians who create a longer perspective." He says he hopes that the new government can improve the long-term outlook -- which analysts say will mean reining in Brazil's massive deficit and adopting policies to pull the country out of its worst recession since the 1930s.

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Investors boost bets on post-Rousseff Brazil

Friday, May 13, 2016 - 01:01