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BBC World Service

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The daily drama of money and work from the BBC.


Brazil's Battered Economy

July 28th, 2015

Episode 314 of 836 episodes

Brazil's economy will shrink by 1.5% this year, the IMF predicts. One reason is that slower economic growth in China means Brazil is exporting fewer commodities. What is more Brazil's government overspent during the boom years for commodities and now it is introducing painful cutbacks. The BBC's correspondent in Sao Paulo, Daniel Gallas, reports on the people and businesses feeling the pinch. Plus, after Japan's Mitsubishi recently apologised for using American servicemen as slave labour during World War Two, we ask independent reputation management consultant Magnus Carter if is there is a right way for companies to say sorry? (Photo: Partially completed building in the Vidigal favela, Rio de Janeiro, Brazil. Credit: Getty Images)

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