Tag: Brazil economy

• Friday, May 31st 2013 - 07:19 UTC

  Despite great agriculture performance Brazil’s economy first quarter result disappoints

  

  Brazil's economy grew 0.6% in the first quarter of 2013, compared with the final quarter of last year, the government said this week. The figure could confirm official projections that the economy would recover following the slowdown experienced over the past two years.

• Friday, May 31st 2013 - 07:15 UTC

  Fearing high inflation Brazil raises basic rate 50 basic points to 8%

  

  Brazil's central bank raised its benchmark interest rate on Wednesday to 8% from 7.5%, as part of an effort to battle high inflation in an economy that keeps struggling with slow growth.

• Saturday, May 25th 2013 - 05:11 UTC

  Brazil’s employment rate remains stable but job creation slowed in recent months

  

  Brazil's jobless rate rose slightly in April for the fourth straight month but remained near record lows, suggesting that tight labour conditions bolstered a gradual recovery and fed into inflation, statistics agency IBGE said this week.

• Friday, May 10th 2013 - 06:51 UTC

  The Economist: Brazil isn’t growing, so why are Brazilians so happy?

  

  In the decade after Jim O’Neill of Goldman Sachs coined the acronym “BRICs” in 2001, grouping together four big countries with the potential for sustained growth, the “B”, Brazil, really put itself on the economic map.

• Thursday, May 2nd 2013 - 07:29 UTC

  Brazil’s primary surplus well below target because of ‘government efforts to prop the economy’

  

  Brazil posted a budget primary surplus of 3.5 billion Reais (1.75bn dollars) in March, recovering after a deficit in February, but still the worst performance in the first quarter of the last four years, according to central bank data released this week.

• Tuesday, April 2nd 2013 - 20:15 UTC

  Brazil’s boom crops expose port congestion and lack of infrastructure

  

  Brazil’s soybean production has reached record levels this season which could make the country the world’s leading producer but port congestion and lack of storage capacity are impeding exports of soybean as producers fear losing international markets.

• Thursday, March 7th 2013 - 06:39 UTC

  Brazil basic rate unchanged at record low 7.25%, but inflation could reverse policy

  

  Brazil’s central bank on Wednesday kept its benchmark rate at a record low 7.25% for the third straight meeting as policy makers seek to prop the anaemic economy which last year only advanced 0.9%.

• Saturday, March 2nd 2013 - 08:12 UTC

  Brazilian economy worst performance in three years; in 2012 growth was 0.9%

  

  The Brazilian economy grew a mere 0.9% in 2012 despite government stimulus measures, its worst performance in three years, official statistics showed Friday. But prospects for the coming years are considered encouraging given the international events to be hosted by Brazil and the electoral calendar.

• Friday, February 22nd 2013 - 01:51 UTC

  Brazilian economy expanded 1.35% in 2012 and 4% is projected for this year

  

  Brazil's economy grew 1.35% in 2012, above the market forecast of 1 percent, according to the Central Bank estimate. The official and final figure will be released by the Brazilian Institute of Geography and Statistics (IBGE) on March 1.

• Friday, February 1st 2013 - 07:05 UTC

  Brazil’ overall budget deficit: 2.47% of GDP and primary surplus of 2.38% GDP

  

  Brazil failed to reach its primary budget surplus goal last year posting a primary surplus of 104.951 billion Reais (53 billion dollars), the equivalent of 2.38% of GDP, according to central bank data released this week, which was below the annual target of 139.8 billion Reais, approx 3.1% of GDP.