Tag: Brazil economy

• Thursday, August 16th 2018 - 15:43 UTC

  Brazilian economy contracts 0.99% in second quarter because of truckers strike

  

  Brazil's economy contracted nearly one percent in the second quarter due to a truckers' strike, the country's Central Bank said on Wednesday. The nine-day strike that ended in late May caused fuel shortages, cut into food deliveries and backed up exports.

• Thursday, July 19th 2018 - 07:50 UTC

  Brazilian Real and Argentine Peso lose ground against the dollar

  

  Latin American currencies fell against the dollar across the board on Wednesday as traders continued to focus on recent statements by key U.S. monetary policy makers.

• Saturday, June 30th 2018 - 15:47 UTC

  Brazil's Temer approval rating in a new record: 4%

  

  Brazilians' disapproval of Michel Temer's administration has risen from 72% to 79% in the second quarter of 2018, according to a survey conducted by the National Industry Confederation (CNI) and Ibope.

• Friday, June 29th 2018 - 08:40 UTC

  Brazil central bank slashed 2018 growth forecast to 1.6%

  

  Brazil’s central bank on Thursday slashed its growth forecast for 2018 gross domestic product after a nationwide truckers strike paralyzed key sectors of Latin America’s largest economy. The bank sees GDP growth of 1.6% this year, according to its quarterly inflation report, compared to 2.6% previously.

• Monday, June 18th 2018 - 07:21 UTC

  Temer's record unpopularity linked directly to the performance of the economy

  

  A Datafolha survey shows that the all-time high unpopularity of Brazilian President Michel Temer (MDB) is due essentially to dissatisfaction with the overall performance of his administration, particularly regarding the economy. It also shows that the president's personal image and the loss of status caused by corruption scandals that involve him are secondary issues.

• Saturday, June 9th 2018 - 08:29 UTC

  Brazilian consumer prices climb 0.4% in May; impact of truckers strike and fuel prices expected in June

  

  Brazil's 12-month inflation accelerated in May from April amid strong fuel prices. Consumer prices rose 0.40% in the month, compared with an increase of 0.22% in April, statistics agency IBGE said on Friday. The consumer price index advanced 2.86% in May from a year earlier, up from April's 2.76% pace.

• Friday, May 11th 2018 - 08:50 UTC

  Brazil inflation in April below official target; another interest rate cut expected

  

  Brazil's inflation rate unexpectedly slowed in April and kept far below the official target, suggesting a recent period of currency weakness is unlikely to keep the central bank from cutting interest rates next week.

• Saturday, May 5th 2018 - 09:05 UTC

  Brazilian recovery stalls as industrial output falls 0.1% in March

  

  Industrial output in Brazil contracted unexpectedly in March, the latest in a string of weak data suggesting a recovery in Latin America's largest economy hit a bump in the first quarter. Production fell 0.1% from February, government statistics agency IBGE announced.

• Thursday, April 12th 2018 - 08:56 UTC

  Moody's raises Brazil's sovereign rating from negative to stable

  

  Credit rating agency Moody's this week raised the outlook of Brazil's sovereign rating from negative to stable.

• Thursday, April 12th 2018 - 07:28 UTC

  Brazil confirms austerity policy with the new team economic team

  

  Brazilian President Michel Temer has officially nominated eleven new ministers, the government's official bulletin said, giving continuity to the government's reform program ahead of the general elections in October.