Brazil economy to contract 2.06% and 0.24% next year, says Central bank survey

Wednesday, August 26th 2015 - 06:46 UTC

Full article 4 comments

Analysts expect Brazil's economy to contract by 2.06% this year, with the inflation rate coming in at 9.29%, the Central Bank said Monday. GDP estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy. Read full article

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yankeeboy
They're not factoring in China going off a cliff.
They're not factoring in Soy is unprofitable if it needs long transport.
They're not factoring in the huge drop in BREAL that on the horizon.

This recession will be a depression.
Aug 26th, 2015 - 12:52 pm - Link - Report abuse 0
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ChrisR
0.24%

Ha, ha, ha. They can't even measure the amount of corruption and the effect it is having on the economy and they want us to believe this?

Ha, ha, ha, ha.
Aug 26th, 2015 - 06:11 pm - Link - Report abuse 0
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Tik Tok
Every survey it's worse, but the reality is they lag the real situation which is an unmitigated disaster!
Aug 26th, 2015 - 06:27 pm - Link - Report abuse 0
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Jack Bauer
.....and we can thank Dilma and Lulla for all this shit...may they rot in jail ...
Aug 26th, 2015 - 07:51 pm - Link - Report abuse 0
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