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Dismal prospects for Brazilian economy in 2016, according to Central bank and budget deficit

Wednesday, December 30th 2015 - 00:51 UTC
Full article 4 comments

Analysts expect Brazil's economy to contract by 2.81% in 2016 after contracting by 3.70% this year, marking the biggest drop in economic output in 25 years, the Central Bank said on Monday. Economists are forecasting an inflation rate of 10.72% this year, the highest rate in 13 years, and 6.86% in 2016. The estimates seem to be supported by the latest numbers referred to the budget deficit. Read full article

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  • ilsen

    “Dismal prospects for Brazilian economy in 2016...”

    and we need economic soothsayers to tell us this now?

    Any old South American Hand will tell you this has been coming for years!
    We've been watching this tragedy unfold for many years.

    'None so deaf as those that will not hear. None so blind as those that will not see' [nor thye PT... ahem!]'

    From Psalm 58. Frequently misquoted by/from Matthew Arnold, (1662-1714, English Clergyman)

    Dec 30th, 2015 - 01:27 am - Link - Report abuse 0
  • ChrisR

    I wonder how far the senior military officers are from taking over this shambles (again) and sorting it out.

    Anytime in the next 12 months I would imagine.

    Dec 30th, 2015 - 10:36 am - Link - Report abuse 0
  • Don Alberto

    “while they revised the projected contraction for 2016 upward from 2.80% to 2.81%.”

    This is ridiculous and false - why not 8 decimals?

    It will probably end at between 2.6% and 3.0%.

    Dec 31st, 2015 - 10:03 pm - Link - Report abuse 0
  • Terence Hill

    2 ChrisR
    I wouldn't be too optimistic about the military providing capable leadership. While they may have many attributes, just remember how well they fared their last time at bat. Moreover, the majority of the army's fatalities in Italy during WWII were the result of hypothermia. Due to inadequate winter clothing.

    Jan 04th, 2016 - 06:48 pm - Link - Report abuse 0

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