The document discusses the deteriorating economic fundamentals in Brazil, highlighting the impact of state capitalism on the performance of state-controlled companies like Petrobras. It notes the government's intervention in the corporate sector and the challenges faced by Petrobras due to price controls and local content requirements.
doj/DataSet10/EFTA01451043.pdf
{"title":"GEM Equity Strategy Outlook 2014","document_date":"2013-12-11","document_type":"other","key_locations":["Brazil"],"key_organizations":["Petrobras","Deutsche Bank"],"reference_numbers":["DB-SDNY-0107171","SDNY_GM_00253355","EFTA01451043"]}