Brazil's economy hits the skids

[Zorro]

Bad news piled up Friday for Brazil's economy, with the real plunging to its lowest level against the dollar in 12 years and analysts warning the home of samba will need years to recover its economic rhythm.

For President Dilma Rousseff, weakened by government approval ratings of just 7.7 percent, things appear to be falling apart.

Friday's tumble of the national currency to 3.34 to the dollar followed Thursday's news of unemployment rising in June for a sixth month, while annual inflation has risen to almost nine percent.

Analysts say Brazil's once booming economy suffers deep underlying illnesses, notably the massive corruption scandal unfolding at national oil company Petrobras and rippling across other top companies and into political circles.

http://news.yahoo.com/brazils-economy-hits-skids-235227836.html

[Bacchus4.0]

1. 7.7% Dilma approval Wait wait wait, when she was at 14% we were told she could only go up? nt