Templeton's Hasenstab: The 'enormous potential' brewing in Brazil's economic crisis

'Short-term pain for long-term gain'

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Templeton's Hasenstab: The 'enormous potential' brewing in Brazil's economic crisis

Brazil's political implosion may be a turnoff for foreign investors, but in reality this crisis will likely facilitate a much-needed break from the toxic combination of overspending and excessive government credit expansion seen in recent years, writes Michael Hasenstab, CIO at Templeton Global Macro Group.

Having once been part of the quartet of so-called BRIC nations powering global growth, Brazil has become a laggard, falling deep into recession, its worst since the 1980s. Unemployment is at its highest...

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