[Dilma] is being pushed to do more of the policies that led to the current situation, doing short-term benefits that target politically powerful economic groups.

Carlos Pio, a political economist

Five years ago, Dilma Rousseff convincingly won Brazil's presidential election, inheriting a resource-rich economy, a reduction in poverty and a rise in literacy.

Fast-forward to today, the economy is heading for recession, unemployment is rising, prices are soaring, and a corruption scandal at state energy company Petrobras which dates back to Rousseff's time as chair is fuelling threats of impeachment.

Despite there being no evidence linking Rousseff to the bribes-for-contracts scheme, an independent investigation has alleged that bribes worth $2bn were paid to secure contracts with the firm.

Sapping business and consumer confidence, the country's debt has reached a record high - up from $198bn in 2009 to $347bn today. The currency has tumbled by more than 50 percent and inflation is rising at almost eight percent.

Triggering widespread anger at the sitting president, large-scale demonstrations have rocked the country, with tens of thousands demanding Rousseff step down.

Carlos Pio, a political economist from Brasilia, joins Counting the Cost to discuss what is next for the Latin American giant.

Source: Al Jazeera