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Montevideo, January 24th 2019 - 09:40 UTC

Tag: Brazilian market

  • Wednesday, January 9th 2019 - 08:45 UTC

    Domestic car sales in Brazilian domestic market in line with expectations

    Growth in December was particularly significant for Renault, Volkswagen and General Motors, which saw double-digit increases compared with a year earlier

    Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.

  • Tuesday, July 17th 2018 - 09:30 UTC

    Brazilian market lowers 2018 economic growth to 1.5%, reveals central bank survey

    Brazil's finance minister, Eduardo Guardia, said the government's growth forecast for this year, stands at around 1.6%, well below the 2.5% of its previous forecast

    Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.