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Economy / Brazil


August 2012 | Risk Summary

Brazil has been wracked by industrial action in recent months as public sector workers have taken to the streets since May to demand wage increases. While recent media reports indicate that most public sector workers have accepted the 15.8% increase in pay over three years offered to them by the government, some continue to hold out for a more gains. These protests have also handed President Dilma Rousseff's government a difficult challenge before the upcoming municipal elections in October, placing her at odds with many of the trade unions which historically support the ruling Partido do Trabalhadores (PT).

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