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SHOPPERS LOOK FOR BARGAINS IN RIO DE JANEIRO, 1998-09-17 (photo)

Image number
REU8346594
Image title
SHOPPERS LOOK FOR BARGAINS IN RIO DE JANEIRO, 1998-09-17 (photo)
Auto-translated text View Original Source
Photographer
Gregg Newton
Medium
photograph
Date
1998 AD (C20th AD)
Shooting Date
1998-09-17
Image description

Shoppers look inside a window emblazoned with a sign reading "firesale" in downtown Rio de Janeiro September 17. With Latin America faced with global financial turmoil from the recent demise of stock markets worldwide, Brazil has practically doubled the annual interest rate to almost 50 percent in an attempt to halt capital outflows, and in turn slow down the economy. Store owners everywhere have cut prices recently to sell their products while they can. GN/RC/JDP

Photo credit
REUTERS/Gregg Newton / Bridgeman Images
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