MercoPress. South Atlantic News Agency
Markets estimate Brazil's recession will spill over to 2016, says Central bank
The Brazilian Central Bank weekly Focus Bulletin released on Monday indicates, for the first time, according to the prevailing opinion among financial institutions that the current recession of the country's economy will extend well into 2016. According to Focus the market forecasts a retraction of the Brazil's GDP of 0.15% in 2016. Read full article
Comments
Disclaimer & comment rulesWhat is it with the Brazil Nuts, can they never face the truth?
Aug 18th, 2015 - 10:59 am - Link - Report abuse 0The truth is clear to see, early 2016 is a laughable date by which the corruption will have been investigated because there are more organizations to 'investigate'.
Until the depth of the corruption is known don't expect international investors to put their money into what is seen as a country run by a bunch of crooks, which of course it is: they need to go as well.
Wow that's quite a turn around... from 1.8% growth to negative!
Aug 18th, 2015 - 11:07 am - Link - Report abuse 0This is just the beginning, they mostly export commodities and they're 30% lower than they were at the height with Soy becoming unprofitable this year, the U$ is also on a multi year upswing with most saying there's another 30% appreciation yet to come. All of those bonds in U$ that the companies and the country has just become a lot more expensive.
Aug 18th, 2015 - 12:15 pm - Link - Report abuse 0They've got a long way to go.
Watch PBR as PBR goes so does the country.
Three years ago the reserves of the BRICS in US treasuries continue at the same level. In these last three years the BRICS countries grew 4.2% on average. However their trade in dollars decreased. Yet the volume of goods rose at the same rate of economic growth. INTERESTING!
Aug 18th, 2015 - 04:22 pm - Link - Report abuse 0The Western media are lost. They know they do not know what else to do. In one day the Economist asks the head of Dilma, in the other he asks to wait. The other day it is sold, as well as his faithful friend FT.
The problem?It is that the West does not know what the problem is! The problem? Are you!
4. Trade between BRICs and trade outside of the U$ is statistically insignificant. It may have grown, maybe not after every one of the BRICs has devalued.
Aug 18th, 2015 - 07:40 pm - Link - Report abuse 0BRIC economies and countries are failed.
Now that the Commodity up-cycle is finished so are their economies.
I am just waiting for them to implode.
It shouldn't be too long.
@4 brasshole
Aug 18th, 2015 - 07:46 pm - Link - Report abuse 0It's useless to rest on your laurels...when are you going to learn this lesson, you moron ?
“... their trade in dollars decreased. Yet the volume of goods rose at the same rate of economic growth. INTERESTING!”
Indeed, INTERESTING ! You are saying Brazil exported more (yr 'volume of goods rose') but received less Dollars (yr 'trade in dollars decreased').... So, the goods that Brazil exports have lost value....how is that a good thing for Brazil ?
The contrary would be good, but that is too subtle for you to understand, isn't it ?
“In one day the Economist asks the head of Dilma, in the other he asks to wait.”.....
The Economist “asked” for Dilma's head ? Are you completely crazy ? it's 90% of the Brazilian population that wants her stupid head...The Economist supplies information and offers, but does not, and has not, asked for her head.....And in what way is the capacity of a renowned magazine or newspaper, of reporting the truth, diminished just because its owner decides to sell it ?
And last but not least : “Burraldo, o Brasil faz parte do Ocidente, e você e os seus pares, são o 'pobrema dethte paíth' ”....
USA?
Aug 18th, 2015 - 07:47 pm - Link - Report abuse 0HA hA
@7
Aug 18th, 2015 - 10:18 pm - Link - Report abuse 0“USA?
HA hA”....
Reação de retardado mental.
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