Brazil / by Lewis McKinnon

August concluded the impeachment trial of suspended President Dilma Rousseff. Interim President Michel Temer continued to navigate turbulent political waters, as he attempted to propose economic reform. The World Health Organisation classified the Zika virus as low risk. The 2016 Olympic games brought heightened security risks, including kidnapping, terrorism, and theft. Second quarter reports showed that Brazil’s economy is retracting. Brazil’s second busiest container port will be sold for $1.1 billion. The Central Bank of Brazil met in attempt to slow inflation and discuss interest rates.