Tag: Brazil economy

• Friday, March 13th 2015 - 11:53 UTC

  Brazil's economic difficulties are cyclical argues President Rousseff

  

  President Dilma Rousseff said here Thursday that Brazil's economic woes are cyclical in nature that the austerity measures her administration has adopted to rectify the situation will begin to bear fruit late this year.

• Saturday, March 7th 2015 - 07:37 UTC

  February inflation in Brazil at 7.7% is at its highest level since May 2005

  

  Inflation jumped in Brazil on February with price increases hitting an annual rate of 7.7%, the highest in nearly nine years, officials said on Friday. The national statistics institute IBGE said prices rose 1.22% in February, pushing inflation well above the government's target ceiling of 6.5%.

• Wednesday, March 4th 2015 - 06:14 UTC

  Brazil's currency at its weakest since September 2004...and sliding

  

  The Brazilian Real reached on Tuesday its weakest level against the dollar in more than 10 years, amid concern the country’s political and economic situation is growing worse.

• Thursday, February 19th 2015 - 05:23 UTC

  Levy tells US investors Brazil is on track to correct the fiscal slippage

  

  The government of President Dilma Rousseff is working to meet its primary budget surplus goal of 1.2% of GDP in 2015, pledged Finance minister Joaquim Levy on Wednesday to an audience of investors in New York.

• Wednesday, February 18th 2015 - 03:56 UTC

  Brazil's corn and soybean crops flattening out influenced by climate conditions

  

  Brazil's sowings of safrinha corn are to fall for the first time in seven years, Conab (National Supply Co.) said, cutting its forecast for the country's overall production of the grain, and lowering hopes for the soybean harvest too.

• Monday, February 9th 2015 - 17:34 UTC

  Food, housing and transportation prices accelerate January inflation in Brazil

  

  Brazil's consumer price inflation accelerated in January, putting the 12-month rate well above the central bank's tolerance band and at the highest level since September 2011, underscoring one of the main challenges facing Latin America's largest economy in the year ahead.

• Tuesday, February 3rd 2015 - 06:49 UTC

  Brazil's nominal budget deficit far worse than expected, 6.7% of GDP

  

  Brazil's federal, state and local governments ended 2014 with a cumulative primary budget deficit equivalent to 12.51 billion dollars putting public finances in the red for the first time since the current reporting methodology was adopted in 2001, the Central Bank announced.

• Thursday, January 29th 2015 - 07:17 UTC

  Consumer confidence in Brazil drops in January to its lowest

  

  The reading of consumer confidence dropped in Brazil in January--to its lowest level ever--as the country's economy struggled. Brazil's main consumer-confidence index was at 89.8 points in January, down from 96.2 points in December, the Getulio Vargas Foundation, or FGV, said earlier this week.

• Wednesday, January 28th 2015 - 07:40 UTC

  Rousseff calls on fractious cabinet to embrace belt-tightening to restore growth

  

  Brazil's President Dilma Rousseff has urged her cabinet to embrace fiscal belt-tightening and other measures aimed at restoring business confidence and growth in her second term.

• Tuesday, January 20th 2015 - 05:48 UTC

  Party is over in Brazil: increase in fuel, tax on consumer loans and imports

  

  Brazil on Monday announced tax increases on fuel, imports and consumer loans aimed at raising 20.6 billion Reais (7.7bn dollars) in additional revenues this year. The plan is part of an effort to help balance budget accounts and revive investor confidence, Finance Minister Joaquim Levy said at a news conference.