Tag: Brazil recession

• Wednesday, September 9th 2015 - 08:10 UTC

  No end to Brazil's bad news: two consecutive years of recession ahead

  

  Analysts expect Brazil's economy to contract by 2.44% this year, marking the worst performance since 1990, and inflation will hit 9.29%, the Central Bank said Tuesday. The latest figures represent a downward revision from last week, when analysts expected Latin America's largest economy to contract by 2.26% and inflation to come in at 9.28%.

• Tuesday, September 1st 2015 - 07:08 UTC

  Brazil Central bank survey says economy will shrink 2.26% this year and 0.40% next year

  

  Analysts expect Brazil's economy to contract by 2.26% this year, reflecting greater pessimism in the wake of the release of figures last week showing that the country is in a recession, the Central Bank said Monday.

• Sunday, August 30th 2015 - 13:58 UTC

  Brazil in recession: worst slowdown in nearly three decades

  

  Brazil's economy shrank 1.9% in the second quarter, sinking into a recession that has hammered President Dilma Rousseff's popularity. The quarterly contraction, reported by government statistics agency IBGE on Friday, was bigger than what markets expected and confirms the worst slowdown for Brazil in nearly three decades.

• Thursday, August 20th 2015 - 06:32 UTC

  Brazil in recession, according to the Central Bank's economic activity index

  

  Economic activity in Brazil fell more quickly than expected in June, central bank data showed on Wednesday, adding to evidence that the once-booming economy is suffering a painful recession. The Brazilian central bank's IBC-Br economic activity index fell 0.58% in June from the prior month, the bank said in a report released on Wednesday.

• Tuesday, August 18th 2015 - 09:15 UTC

  Markets estimate Brazil's recession will spill over to 2016, says Central bank

  

  The Brazilian Central Bank weekly Focus Bulletin released on Monday indicates, for the first time, according to the prevailing opinion among financial institutions that the current recession of the country's economy will extend well into 2016. According to Focus the market forecasts a retraction of the Brazil's GDP of 0.15% in 2016.

• Friday, May 22nd 2015 - 08:16 UTC

  Brazil heading for full recession: economic activity down, unemployment up

  

  Economic activity in Brazil tumbled in the first quarter and unemployment climbed to a near four-year high, adding to signals that a looming recession could worsen as President Dilma Rousseff reins in public spending.