Tag: Brazil crisis

• Tuesday, October 6th 2020 - 09:35 UTC

  IMF admits Brazil's economy is doing better than forecasted, but warns about debt and a second Covid-19 wave

  

  Brazil's economy is set to shrink by 5.8% in 2020, the International Monetary Fund said on Monday, revising up an earlier forecast but warning the country faced “exceptionally high” risks.

• Wednesday, September 2nd 2020 - 09:45 UTC

  Brazilian economy is back to 2009 size, following a 11,4% contraction in the second quarter

  

  Brazil’s economy shrank in the second quarter by the most on record as anti-coronavirus lockdown measures slammed activity in almost every sector, dragging Latin America’s largest economy back to the size it was in 2009.

• Tuesday, September 29th 2015 - 06:28 UTC

  Former president says “no way Uruguay can escape the impact of the Brazilian crisis”

  

  Brazilian former president Fernando Henrique Cardoso, (1995/2002) said that the serious economic situation faced by Brazil is very complex, will take time to overcome and most surely the impact will be felt in neighboring Uruguay, a country which must target other markets, other economic spaces.