Brazil recession deepens, but prospects for 2017 seem much brighter

Tuesday, May 3rd 2016 - 06:54 UTC

Full article 6 comments

Brazil’s recession is expected to deepen this year as economists brace for an even steeper contraction than in 2015. Economists have downgraded their 2016 outlook for Latin America’s largest economy for the 15th week in a row, according to the weekly Focus survey of about 100 economists by the Brazilian central bank. Read full article

Comments

Disclaimer & comment rules

:o))
Sounds like a joke! The Prospects for 2'017 are to Add More Taxes!
May 03rd, 2016 - 09:52 am - Link - Report abuse 0
-+
Lucifer
They were saying the same thing last year, it will be better next year, alas they were wrong and they'll be wrong again.
Politics is one of the things wrong with the country. Getting rid of Dilma may help a slight bit but not much.
They need to get back to living within their means, get rid of regulation, get rid of the crazy work rules and remember they're a 3rd world country not a 1st.
May 03rd, 2016 - 11:20 am - Link - Report abuse 0
-+
slouis
Of course things will be better next year. Dilma will be gone, crime and corruption will cease to exist, infrastructure will miraculously improve, import duties will be lowered, Brazilian football will once again rise to the top, the Real will return to it's wildly over valued place, TAM will start treating passengers nicely again, Brazilians will welcome tourists, inflation will become deflation, picanha will be affordable, China will find it's mojo, commodity exports will soar, oil prices will soar on worldwide demand, and the government will shrink. Did I forget anything?
May 03rd, 2016 - 04:34 pm - Link - Report abuse 0
-+
Briton
Sad to see a nice country go downwards.
May 03rd, 2016 - 07:14 pm - Link - Report abuse 0
-+
Brasileiro
@3 Briton
Brazil is only the ugly to the West. For East it has never been so beautiful.

https://www.youtube.com/watch?v=Js0a69rIeqA&index=9&list=FLmXPTu1f8AdGlizWNiASx2A
May 03rd, 2016 - 08:47 pm - Link - Report abuse 0
-+
Lucifer
Nobody thinks abject poverty is beautiful.
May 03rd, 2016 - 10:34 pm - Link - Report abuse 0
-+
Jack Bauer
@ 5 Brasshole

You commie idiot, why don't you emigrate to Russia ?
May 04th, 2016 - 05:33 pm - Link - Report abuse 0
-+

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!