It's Hard To Look At These Photos From Indonesia And Brazil 
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It's Hard To Look At These Photos From Indonesia And Brazil And Not Worry

News Link  •  Economy - International

It's Hard To Look At These Photos From Indonesia And Brazil And Not Worry

06-18-2013  •  Business Insider 

In Indonesia and Brazil — where governments are hoping to pursue fiscal consolidation — protests have turned violent.

In Indonesia the issue is the initial driver of protests is the removal of a fuel subsidy.

In Brazil, it's over an increase in bus fares, as well as general frustration over inequality, and the money being spent on next year's World Cup.

Both — along with other emerging markets — are experiencing slowing economies, sharply weakening currencies, rising interest rates, and generally a squeeze related to both financial and structural conditions.

Read Full Story
Reported by Robert Lee

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Tags: indonesia, brazil, governments, hoping, pursue, fiscal, consolidation, protests, turned, violent, indonesia
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