Banks forecasting two years of economic contraction for Brazil

Monday, July 27th 2015 - 06:45 UTC

Full article 8 comments

Banks in Brazil are now forecasting economic contraction in 2016 and if this proves correct it will be first time Latin America's largest economy shrinks two years running since the Great Depression. Read full article

Comments

Disclaimer & comment rules

Conqueror
This is nice. It's always good to watch idiots crash. Let's watch for Brasiliero explaining how failing China and even more failing, sanctioned Russia will rush to Brazil's aid. Except they won't. China might suggest Brazil sells them more of itself. When will it be Chinzil? Remember that Russia is down to the level of barter unless it can do an invasion or start a war. Watch for pictures where you can see Dilma's neck. Look for the creases where her head is swivelling through 360 degrees to try to find a way out. There'll be a lot more murders.
Jul 27th, 2015 - 10:54 am - Link - Report abuse 0
-+
Skip
Brazil doesn't export a great deal for the size of its economy so the weaker real won't help that much.

And considering what just happened to China's stockmarket today, I don't expect a great deal of help coming from that direction.

In other news, the other supposed country beholden to China for its prosperity through raw materials..... Australia.... unemployment may have peaked and non-mining growth has taken off thanks to our lower dollar.

Time for the engineers and other professionals in Brazil to think about migrating down under.
Jul 27th, 2015 - 12:28 pm - Link - Report abuse 0
-+
ChrisR
What a bullish expectation: only two years?

I will be very surprised at that and remember what I said when DumbAss started fucking with Mr. Market and telling the banks to remove their restrictions on loaning to the deadbeats: well here we are folks and it's not going to go away in just two years.
Jul 27th, 2015 - 12:47 pm - Link - Report abuse 0
-+
yankeeboy
Commodities are crashing. China's hope of every becoming a middle income country is dead.
and let me say...Told ya.
I am pretty sure I was the ONLY one saying this would happen years ago.

The Chinese economy is smoke and mirrors. It is catching up to the lies but its not near done yet.
The u$4T reserves will not be near enough to save them.

All of these idiotic “other way” Unaligned countries are going to sink right along with them.
and I say good riddance to bad rubbish.
Jul 27th, 2015 - 01:45 pm - Link - Report abuse 0
-+
313toBioBio
@5 i said it too. Their deals with CFK and Putin are fiction. Designed to make people like us well while the braindead idiots believe in the CHina and emerging market story. Educated analysts....lying through their teeth. YANG stock is up today. Just beginning.
Jul 27th, 2015 - 05:26 pm - Link - Report abuse 0
-+
Captain Poppy
And China's market plunged today over 8.5%. What is even better.....remember that gas deal China signed back in November with Gazprom where was going to be bailing out Russia.........uh uh uh....no...no..no. That deal is history.
Jul 27th, 2015 - 07:21 pm - Link - Report abuse 0
-+
yankeeboy
BReal is taking a dive
Watch inflation shoot up
Jul 28th, 2015 - 02:21 am - Link - Report abuse 0
-+
Terence Hill
The case for a global recession in 2015
Economist David Levy argues instability in emerging markets will sink the U.S. economy before the end of next year.
But news outside the U.S. isn’t so bright. European economies are still battling depression-era levels of unemployment and the threat of deflation. And emerging economies, like China, are having trouble maintaining the kind of growth they have become accustomed to in recent years. The most recent readings out of China have the world’s second-largest economy growing at roughly 7.5% per year, down from the 10% growth it averaged for two decades before its economy began to slow in 2012. And this pattern holds for other emerging economies like Brazil and Russia.
Optimists hope that an accelerating U.S. economy will have what it takes to drag the rest of the world out of the doldrums, as it has done during so many past recoveries. But David Levy, economist and chairman of the Jerome Levy Forecasting Center, argues that the problems of the rest of the world will end up taking the U.S. down, rather than the other way around.
http://fortune.com/2014/10/28/global-recession-us-europe-china/
Jul 30th, 2015 - 02:15 am - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!