Brazil: Dollar soars, unemployment falls

Saturday, June 29th 2024 - 09:28 UTC

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The economy in South America's largest country is taking a shaky turn as Friday's figures would indicate. The exchange rate between the local real (R$) and the US dollar (US$) went up 15.15% over the past six months, closing at US$ 1 = R$ 5.58 while the Stock market fell 0.32% for a 1.49% monthly gain. On the brighter side, unemployment in the quarter ending in May stood at 7.1%, according to Brazil's Institute of Geography and Statistics (IBGE), a considerable improvement from February's 7.8% and the yoy 8.3%. Read full article

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FortHay
mmmh, seems like the ideal time to replace our car down here and re-build the property entrance gate. On an anecdodal level, that is what such stories translate to.
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imoyaro
May Good Fortune Attend, as the Romans used to say... ;)
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