巴西：经济稳步复苏，政经挑战仍存

Abstract:Since Michel Temer officially became the president of Brazil in 2016，his ruling journey hasn’t been smoothly as expected. In 2017，although Temer weathered corruption allegations，he hit another new low in polls. Driven by private consumption and exports，Brazil’s economy witnessed a stable recovery with three consecutive quarters of growth. But in the medium term，the economic growth has still been constrained by fiscal deficits and political uncertainties. Corruption investigations have caused political crises continuously，which will delay the reform of the pension system. The two-year economic recession has resulted in a rebound in poverty and unemployment，which couldn’t be changed easily in the short term. With protectionism revival in the US and Europe and globalization suffering setbacks，promoting the diversification of foreign relations is still a priority for the Temer government. Party politics has entered another round of differentiation and re-organization in the coming 2018 presidential election of Brazil. The political struggle will be inevitable.

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