María Magdalena Arréllaga

Independent Photojournalist and Visual Storyteller

For Bloomberg: "Hunger and Blackouts Are Just the Start of an Emerging Economy Crisis"

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Location: Rio de Janeiro

Nationality: Paraguayan American

Biography: María is an independent documentary photographer, photojournalist and visual storyteller working on stories and projects related to social, political and environmental issues in Brazil and Latin America. She studied international relations... MORE

Signs plastered on buildings in...a Magdalena Arrellaga/Bloomberg

Signs plastered on buildings in downtown Rio de Janeiro blame Bolsonaro for surging food prices. Photographer: Maria Magdalena Arrellaga/Bloomberg

For Bloomberg: "Hunger and Blackouts Are Just the Start of an Emerging Economy Crisis"

People shop in an outdoor marke...a Magdalena Arrellaga/Bloomberg

People shop in an outdoor market in Rio de Janeiro, Brazil on April 5, 2022. Photographer: Maria Magdalena Arrellaga/Bloomberg

Surging food prices have led to...Bloomberg Rio de Janeiro Brazil

Surging food prices have led to changes in consumer shopping habits in Brazil. Photographer: Maria Magdalena Arrellaga/Bloomberg Rio de Janeiro Brazil

Surging food prices have led to...a Magdalena Arrellaga/Bloomberg

Surging food prices have led to changes in consumer shopping habits in Brazil. Photographer: Maria Magdalena Arrellaga/Bloomberg

"In Brazil, less than ...rging cost of living."

"In Brazil, less than six months ahead of presidential elections, opinion polls show that 75% of the public blames President Jair Bolsonaro’s government for a surging cost of living."

Residents shop in a popular gro...a Magdalena Arrellaga/Bloomberg

Residents shop in a popular grocery store in downtown Rio de Janeiro, Brazil on April 5, 2022. Surging food prices have led to changes in consumer shopping habits. Photographer: Maria Magdalena Arrellaga/Bloomberg

Residents fill up at a gas stat...a Magdalena Arrellaga/Bloomberg

Residents fill up at a gas station in downtown Rio de Janeiro, Brazil, on April 5, 2022.

"Although the country’s central bank is months into an aggressive tightening campaign, Brazil’s inflation rate was still 11.3% in March. The problem is that, as in many parts of the world, prices feed off each other and higher fuel costs make food more expensive too, said Thais Zara, an economist at LCA Consultores in Sao Paulo."

Photographer: Maria Magdalena Arrellaga/Bloomberg

Maria Conceiç&at...a Magdalena Arrellaga/Bloomberg

Maria Conceição, 62, shops for fish in an outdoor market in Rio de Janeiro, Brazil, on April 5, 2022.

"Bolsonaro is using a commodities windfall to expand cash aid to the poor ahead of the election and has pumped $32 billion of credit into the economy.

But in Rio de Janeiro’s markets the anxiety about what lies ahead remains real. Maria Conceicao loaded up on fish for her family ahead of last weekend’s Easter celebrations. “We’ll celebrate with fish now, but will have less later,” she said. Because for Conceicao, like millions of others in the developing world, the grim reality is: “Each month gets worse.”"

Photographer: Maria Magdalena Arrellaga/Bloomberg

Shoppers walk through a downtow...a Magdalena Arrellaga/Bloomberg

Shoppers walk through a downtown municipal market in Rio de Janeiro, on April 5, 2022. Photographer: Maria Magdalena Arrellaga/Bloomberg

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For Bloomberg: "Hunger and Blackouts Are Just the Start of an Emerging Economy Crisis"

maría magdalena arréllaga

May 10, 2022

Location: Rio de Janeiro

Fed hikes and pandemic debt piles add to the risks for developing nations. Some are already sliding into turmoil

ByShawn Donnan, Eric Martin, Andrew Rosati, and Jihen Laghmari

"A barrage of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments.Turmoil triggered by rising food and energy prices is already gripping countries like Sri Lanka, Egypt, Tunisia and Peru. It risks turning into a broader debt debacle and yet another threat to the world economy’s fragile recovery from the pandemic."

See the full story here.