Brazil expected to contract 3.5% this year, says Central Bank survey

Tuesday, March 8th 2016 - 08:03 UTC

Full article 7 comments

Analysts expect Brazil's economy to contract by 3.5% this year, the Central Bank said Monday. Private sector economists, who expected the GDP to contract by 3.45% in the previous weekly survey, also raised their inflation projection from 7.57% to 7.59%. Read full article

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0.5% growth in 2017!

Doubtful!

Not with Brazil's dysfunctional government.
Mar 08th, 2016 - 09:00 am - Link - Report abuse 0
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L0B0MAU
1 Skip (#):
Dysfunctional, incompetent, inefficient AND corrupt govt:
Brazil’s Recession Could Get even WORSE! : http://themarketmogul.com/brazils-recession-could-get-worse/
Mar 08th, 2016 - 11:38 am - Link - Report abuse 0
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ChrisR
More like 8% given the recent trends.

DumbAss Dilma has no power at the moment, don't know who, if anyone, is running the country other than the crooks.
Mar 08th, 2016 - 01:23 pm - Link - Report abuse 0
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Jack Bauer
“Analysts, however, expect the situation to improve in 2017, when Brazil's economy will grow a tepid 0.50%.”

What optimism ! as long as the PT and the fat cow are in power, the GDP will carry on contracting...
Mar 08th, 2016 - 04:49 pm - Link - Report abuse 0
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gordo1
http://www.telegraph.co.uk/finance/personalfinance/investing/9014005/Are-these-the-new-Brics.html

Bye! Bye! Brasil.
Mar 08th, 2016 - 06:12 pm - Link - Report abuse 0
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Don Alberto
But things are great in Brasil!

The country has been rated at BB (=junk), much better than deserved.
Mar 10th, 2016 - 03:27 am - Link - Report abuse 0
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L0B0MAU
This is exactly what happens whenever a crisis is not dealt with, BEFORE the economy gets from bad to worse and uncontrollably spirals down into a black-hole of a bigger crisis.

The present government had ample time - more than a decade - but failed:
- to visualize the early warning signs
- to detect it and
- to warn the population well in advance
- to take effective measures ahead of time
- to prevent it from snowballing.

INSTEAD:
- they hid it from the public-knowledge - very conveniently - till the elections were over
- acted as if the crisis appeared suddenly out of nowhere
- blamed it on the world-economy
- blamed it on the opposition
- did not take concrete & effective measures till today.
Mar 10th, 2016 - 10:49 am - Link - Report abuse 0
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