QuickTake: Brazil’s Corruption Probe

Brazil's economy faces challenges with a downgraded growth outlook by the IMF. President Michel Temer aims to revive the economy amidst corruption scandals involving Petrobras and political figures. Brazil's history of economic cycles and dependency on commodities complicates recovery efforts. Temer proposes austerity and business-friendly policies but faces opposition within his coalition.

What was the IMF's revised growth outlook for Brazil in 2017?

• 2.0%

• 0.2%

• 0.5%

• 1.5%

What major scandal involved Brazil's state-run oil company?

• Petrobras corruption scandal

• Vale mining disaster

• Odebrecht bribery case

• JBS meat scandal

What is a significant factor in Brazil's economic cycles?

• Automobile manufacturing

• Tourism industry

• Technology exports

• Commodity markets

What is one of President Temer's main goals for Brazil's economy?

• Increase military spending

• Expand the tourism sector

• Limit government expenses

• Nationalize key industries

What challenge does President Temer face within his coalition?

• Calls for early elections

• Demand for more social programs

• Opposition to austerity measures

• Support for increased taxes