VOICED : Experto: Brasil requiere mas que el recorte a tasa de interes

The Central Bank of Brazil reduced its interest rate by 0.75 percentage points to 13% to combat inflation, which was 6.29% in 2016. This move is seen positively by some experts as Brazil faces a severe recession. The country experienced a GDP contraction of 3.8% in 2015 and projected a 3.5% decline in 2016, with over 12 million unemployed and a significant fiscal deficit. Analysts suggest that while lower rates may help, they are not a complete solution, and economic recovery is expected in the second half of the year.

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