The Americas | Brazil’s economy

All systems slow

Confidence and growth down, public spending up

|São Paulo

DURING the month-long football World Cup, which concluded in Brazil on July 13th, rua 25 de Março, a tatty but popular shopping street in São Paulo, was a riot of yellow and green. It was hard to buy anything that did not come in the Brazilian national colours. Now the flags and football jerseys are gone; the cheap bags and Calvin Klein knock-offs are back. Katia Maurício, who runs a stall full of T-shirts and headbands, is selling off the last of her World Cup-themed stock at a big discount. Business was good, she says. “But it will go downhill after the election.”

This article appeared in the The Americas section of the print edition under the headline "All systems slow"

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