Tag: Brazil’s GDP

• Wednesday, December 20th 2023 - 10:45 UTC

  IMF says Brazil is the 9th economy in the world

  

  According to a report from the International Monetary Fund (IMF) released Tuesday, Brazil is now the ninth-largest economy in the world, thus displacing Canada from that position.

• Friday, September 2nd 2022 - 18:39 UTC

  Guedes: Brazil's GDP to beat most optimistic projections

  

  Brazilian Economy Minister Paulo Guedes said Monday that his country's Gross Domestic Product (GDP) would outpace the most optimistic projections by the end of 2022.

• Wednesday, October 28th 2020 - 09:19 UTC

  Bolsonaro “transformative” reforms' goal for Brazil, with a 3,5% average growth during a decade

  

  Brazil's government on Tuesday outlined a long-term roadmap for the economy, based on three scenarios of economic and fiscal reforms that could lift gross domestic product per capita by as much as 37% over the next decade.

• Thursday, January 19th 2017 - 08:00 UTC

  Brazil confident in “recovery curve” coming from a very low level, says Meirelles

  

  Brazil's Finance Minister Henrique Meirelles has admitted that the government is going to revise its official forecast for this year's GDP growth, but gave no details as to the extent of the change. In its latest forecast, the government had estimated the economy was going to grow 1% in 2017.

• 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”.

• Friday, October 7th 2016 - 12:18 UTC

  Temer wins first Congressional battle with milestone bill to cap public spending

  

  A Congressional committee in Brazil approved on Thursday a constitutional amendment that would limit public spending to the rate of inflation for 20 years, handing President Michel Temer an initial victory in his plan to plug a widening deficit, which if continued at the current rate could lead to fiscal collapse and public accounts insolvency, “a repeat of the Greek tragedy”.

• Saturday, May 14th 2016 - 09:09 UTC

  Temer's team confident it has the political support to implement tough measures

  

  Brazil's interim government said on Friday it has the political support for tough measures needed to return the economy to growth and can secure a permanent mandate once populist President Dilma Rousseff's impeachment trial is over. Presidential Chief of Staff Eliseu Padilha said the incoming government understood it was only provisional for now and had ordered portraits of Rousseff to be left hanging in federal buildings.

• Wednesday, January 27th 2016 - 08:28 UTC

  Brazil's current account deficit drops to 3.32% of GDP, lowest since 2010

  

  The soaring US dollar and Brazil’s slumping economy led to a weaker demand for imported goods and services in 2015. As a result, Brazil’s current account deficit reached USD 58.942 billion, equivalent to 3.32% of GDP. The result is the smallest amount since 2010. In 2014, the current account deficit reached USD 104.181 billion, or 4.31% of GDP.

• Friday, December 18th 2015 - 08:01 UTC

  Brazil's budget targets ignored by Congress; Finance minister could resign

  

  Brazil’s Congress on Thursday approved a 2016 budget with surplus targets lower than what Finance Minister Joaquim Levy wanted, a day after the country lost an investment-grade credit rating on concerns about fiscal restraint.

• Tuesday, December 15th 2015 - 08:32 UTC

  Brazil's Central bank Focus weekly negative report

  

  Analysts expect Brazil's economy to contract by 3.62% this year, with inflation hitting 10.61%, the Central Bank said Monday. GDP and inflation estimates come from the Boletin Focus, a weekly Central Bank survey of analysts from about 100 private financial institutions on the state of the national economy.