Brazilian unemployment

[Michael Pollak]

Last week's Economist said of Cardoso's ferocious budget cuts and interest
rates hikes that "some economists see unemploment reaching 13% next year."
["Latin American and the Market, end of second paragraph]

Um, could be possibly be true?  I thought it would be have to be heaps
worse than that. That's not that far from the EU average.  If it isn't
true, does anyone have an explanation of how The Economist could arrive at
such a number?

Michael
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Michael Pollak................New York City..............mpollak at panix.com

You're asking the leader of the Western world a chickenshit question
like that?  --Lydon Baines Johnson, to reporter (attrib.)
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