Tag: Brazil economy

• Thursday, November 3rd 2016 - 09:53 UTC

  Temer austerity program inspired in Thatcher´s program to contain expenditure

  

  Brazilian president Michel Temer said that the economic adjustment implemented by Brazil is inspired in the program of former prime minister Margaret Thatcher, who led the UK from 1979 to 1990. “As Thatcher use to say and we are following in Brazil, containing government expenditure is necessary because we are only going to spend collected revenue”.

• Tuesday, November 1st 2016 - 07:57 UTC

  Meirelles insists in overhaul of social security rules to restore public finance order in Brazil

  

  Brazil must push ahead with reforms, including a proposed cap on government spending and an overhaul of social security rules, to restore long-term order to public finances in Latin America's biggest economy, according to the country's finance minister.

• Tuesday, October 11th 2016 - 08:49 UTC

  Month to month inflation in Brazil during September was the lowest since 1998

  

  Brazil's inflation continued its slow fall in September in a positive sign for the new government as it wrestles to end the worst recession in nearly a century. The 12 month rate fell to 8.48%, down from 8.97% August hitting its lowest level for the month since 1998.

• Wednesday, October 5th 2016 - 12:02 UTC

  Brazil industrial production suffers major monthly drop during August

  

  Brazil’s industrial output posted its biggest monthly drop in over four years in August, damping optimism about the country’s prospects for recovering from its worst recession in generations. Industrial production declined 3.8% in August from July in seasonally adjusted terms, the Brazilian Institute of Geography and Statistics, IBGE, said on Tuesday.

• Saturday, September 24th 2016 - 08:02 UTC

  Temer links Rousseff's removal with the drastic change in economic policy

  

  Brazilian president Michel Temer addressing business leaders and foreign policy experts in New York earlier this week revealed another twist to the recent political events in the country which led to the impeachment and removal of his elected predecessor Dilma Rousseff.

• Wednesday, August 31st 2016 - 04:56 UTC

  Brazil's unemployment reaches 11.6% with an estimated 11.8 million jobless

  

  Brazil's unemployment rate rose to 11.6% in the three months through July the statistics agency IBGE said on Tuesday. Brazil's jobless rate has risen sharply from 6.5% at the end of 2014 as the country entered its worst recession in decades.

• Thursday, August 25th 2016 - 08:39 UTC

  Final round for Rousseff who is moving belongings to Porto Alegre; Temer readies to travel to G20 summit in China

  

  The Brazilian Senate will open the impeachment trial of suspended President Dilma Rousseff this Thursday and hear witnesses for and against the populist leader who is expected to be removed from office next week on charges of breaking budget laws.

• Friday, August 5th 2016 - 12:04 UTC

  Brazil´s unemployment reaches 11.3%; only two years ago it stood at 6.5%

  

  Brazil's unemployment rate rose to 11.3% in the second quarter, statistics agency IBGE said, hitting a four-year high as Latin America's largest economy struggles with a crippling recession. In a sign that Brazil's labor market faces even tougher times, economists surveyed expect the unemployment rate will not start falling until 2018.

• Tuesday, August 2nd 2016 - 06:24 UTC

  UBS optimistic about evolution of Brazilian economic activity in second half of 2016

  

  Things are looking up for the Brazilian economy - but it won't be due to the Olympic games starting this week, according to a UBS report published last Friday.

• Friday, June 10th 2016 - 08:08 UTC

  World Bank slashes global growth forecast to 2.4%, down from 2.9%

  

  The World Bank has slashed its 2016 global growth forecast to 2.4% from the 2.9% estimated in January, due to stubbornly low commodity prices, sluggish demand in advanced economies, weak trade and diminishing capital flows.