Tag: Brazil economy

Tuesday, December 8th 2015 - 09:08 UTC
No break for the Brazilian economy, according to the central bank

Analysts expect Brazil's economy to contract by 3.50% this year, with inflation hitting 10.44%, the Central Bank said on Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Wednesday, December 2nd 2015 - 10:45 UTC
Brazilian economy contracts a record 4.5% in the last twelve months

Brazil's economy, in recession since mid-year, contracted 1.7% in the third quarter, compared to the April-June period, and decreased 4.5% relative to the same period in 2014, the Brazilian Institute of Geography and Statistics, or IBGE, said on Tuesday.
Tuesday, December 1st 2015 - 07:35 UTC
Brazil's economy expected to further contract, according to the Central bank

Analysts expect Brazil's economy to contract by 3.19% this year, with inflation hitting 10.38%, the Central Bank said Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.
Friday, November 20th 2015 - 09:44 UTC
Brazilian economic activity contracts for the fourth straight quarter

Economic activity in Brazil contracted for the fourth straight quarter, central bank data showed this week as Latin America's biggest economy plunges further into recession. The bank's IBC-Br economic activity index indicates economic activity fell 1.41% in the third quarter from the previous three months.
Monday, November 16th 2015 - 08:36 UTC
Latin America expanding at a “two-speed” rate: Pacific Alliance and Mercosur

Latin America is expanding at a 'two-speed' rate according to the latest report from the Spanish bank BBVA, pointing out that the Pacific Alliance is expected to grow 2.5% in 2015/16, while Mercosur will be lagging with a contraction of 2% to 1.5%.
Tuesday, November 10th 2015 - 07:13 UTC
Brazilian economy forecasted to contract 3.10%, says central bank survey

Brazil's economy will contract by 3.10% this year, with the inflation rate hitting 9.99%, the Central Bank said Monday, citing its weekly survey of private sector economic analysts. Last week, analysts said they expected Brazil's economy to contract by 3.05% this year and the inflation rate to be 9.91%.
Saturday, November 7th 2015 - 08:02 UTC
Brazil truckers announce strike, and roadblocks, scheduled to begin Monday

Independent truckers have called for roadblocks across Brazil starting Monday in a repeat of the two-week strike that delayed grain and meat transport in late February and early March. However it remains unclear how much support the strike movement has.
Monday, November 2nd 2015 - 08:43 UTC
Brazilian central bank opposes using the country's US$ 370bn reserves

Brazil's central bank chief, Alexandre Tombini, told lawmakers he opposes using the country's $370 billion foreign reserves at this moment as they serve as an insurance policy for Latin America's largest economy.
Saturday, October 31st 2015 - 06:42 UTC
Unemployment in recession-hit Brazil climbing: 8.8 million looking for jobs

Unemployment in recession deep Brazil climbed to 8.7% of active population in the quarter ending last August, the government said Thursday. The indicator shows a steep hike from the 6.9% recorded in August 2014, according to statistics of the National Study of Households (PNAD), published by the state Brazilian Institute for Geography and Statistics (IBGE).
Thursday, October 22nd 2015 - 07:09 UTC
Brazil leaves Selic rate unchanged at 14.25%; inflation the target but with no timetable

Brazil's central bank kept interest rates on hold on Wednesday, for a second straight month despite a jump in inflation expectations. The decision not to raise rates will give a breather to President Dilma Rousseff, who is fighting for her political survival amid the country's worst economic and political crisis in 25 years.