A series of bottlenecks in the Brazilian economy, including power shortages and lack of skilled labor, is pushing prices of local commodities upward by nearly 6 percent, the Wall Street Journal says. These bottlenecks are the result of low public investment during the years of economic stagnation in the country, the newspaper says. Economists have downgraded their growth forecasts for 2011 because of these bottlenecks.

    About the author

    • Ivy Mungcal

      As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.