Brazil

Plea bargains by Odebrecht employees may implicate many legislators, already shaken by the Senate leader's indictment

Third-quarter results were poor; both politics and worse-than-expected contraction will dampen 2017 recovery hopes

Like other development banks in the developing world, the BNDES has hitherto fallen short on transparency

Temer promises to veto an amnesty bill for illegal campaign funds as corruption scrutiny increases

Yet another potential investigation may keep political uncertainties high

Import weakness has helped the external position but growth and fiscal consolidation are distant

Recovery from recession will be slow and muted, while the 2018 elections will increasingly inform political calculations

Corruption and austerity will drive protests and governability worries