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The Nexus
BUSINESSJul 2 · 08:12 UTCTHE RIO TIMESIolanda Fonseca

Brazil Loan Defaults Hit a Record Even as Lula Fights Debt

Brazil's loan defaults reached a record 4.7% in May 2023, with household defaults at 5.6% and company defaults at 3.24%, the highest levels since 2011 and 2017 respectively, despite ongoing debt relief measures.

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BrazilplaceLulapersoncentral bankorganizationThe Rio Timesorganizationloan defaultstopichousehold defaultstopiccompany defaultstopic
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