MercoPress. South Atlantic News Agency
Dismal prospects for Brazilian economy in 2016, according to Central bank and budget deficit
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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Disclaimer & comment rules“Dismal prospects for Brazilian economy in 2016...”
Dec 30th, 2015 - 01:27 am - Link - Report abuse 0and 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)
I wonder how far the senior military officers are from taking over this shambles (again) and sorting it out.
Dec 30th, 2015 - 10:36 am - Link - Report abuse 0Anytime in the next 12 months I would imagine.
“while they revised the projected contraction for 2016 upward from 2.80% to 2.81%.”
Dec 31st, 2015 - 10:03 pm - Link - Report abuse 0This is ridiculous and false - why not 8 decimals?
It will probably end at between 2.6% and 3.0%.
2 ChrisR
Jan 04th, 2016 - 06:48 pm - Link - Report abuse 0I 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.
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