Brazil emerged from the financial crisis and ensuing global recession a resurgent power, with economic and political credibility that could not have been dreamed of a decade earlier. The country’s international stature soared, buoyed by its resilient economy, forward-thinking politicians and the credibility gained by the elevation of the G20, of which it is a leading member, as the world’s premier economic club. Winning the right to stage the 2014 World Cup and the 2016 Olympics seemed to crown a year of unmitigated success.
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