Could the Olympics boost Brazil in a historic month?

Presidential impeachment verdict expected in August

As the eyes of the world focus on Rio for the 2016 Olympics, what will be the real longer-term impact on Brazil?

Two years after hosting the World Cup, Brazil is back on the world stage as host of the 2016 Olympic Games. In the intervening years, the situation for the country has dramatically worsened with its economy falling into the worst recession in over a century, its president subject to impeachment proceedings, and its credit rating cut. However, this year has seen a turnaround in fortunes for Brazilian markets boosted by the rebound in commodities prices and hopes the impeachment of President Dilma Rousseff could usher in a much-needed era of economic reform. The MSCI Brazil index has...