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CFOs Expect Labor Unrest to Harm Latin American Economies
Three out of four chief financial officers (CFOs) in Latin America expect labor unrest and work stoppages to have a serious negative impact on the region’s economy in the next 12 months, according to a global CFO survey by North Carolina’s Duke University.
The most concerned are CFOs in Brazil, where demonstrations have threatened to overshadow the soccer World Cup that is now underway. According to the report, more than 80% of Brazilian CFOs are worried that labor unrest will harm their national economy.
Thousands of Brazilians are protesting across the country, angry that their government has spent (...)
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