Tag: Brazil’s GDP

• Saturday, May 16th 2015 - 07:46 UTC

  Levy tries to convince investors in London that Brazil slowdown is temporary

  

  Brazilian Finance Minister Joaquim Levy said he expected the country’s economic slowdown to be temporary and that fiscal discipline remained central to ensuring the recovery as a commodity price boom waned. Addressing investors in London, Levy said fiscal discipline was needed to cushion the economy against the inflationary effects of the falling Real currency.

• Tuesday, April 28th 2015 - 05:44 UTC

  Brazil's economy expected to further contract and inflation to reach 8.25%

  

  Analysts have reviewed negatively Brazil's 2015 inflation and growth forecasts, according to the latest Focus report from the Central Bank, released on Monday. The survey which includes 100 analysts from private financial institutions on the state of the economy anticipates inflation of 8.25% and 1.1% contraction of GDP by the end of the year.

• Monday, April 6th 2015 - 16:56 UTC

  Brazilian economy to contract 2% this year, and inflation 9% predicts French bank

  

  BNP Paribas said in Sao Paulo that it expects Brazil's gross domestic product to shrink 2% this year, or double the contraction the French financial services company had projected one quarter ago.

• Wednesday, January 14th 2015 - 09:19 UTC

  Brazil anticipates 'program of targeted tax increases' and 'fare realism' for power and fuel

  

  Brazil's finance minister said on Tuesday a program of targeted tax increases was designed with the intention to not harm fragile growth in Latin America's largest economy. Joaquim Levy also pledged 'fare realism' for electricity bills and fuel prices based on 'business reasons'.

• Monday, October 21st 2013 - 07:39 UTC

  Brazil's development bank to target infrastructure and less on corporations

  

  Brazil will inject less money next year into the country's development bank BNDES, (National economic and social development bank), its leading source of long-term corporate loans, to focus more on infrastructure financing as concerns mount over public debt.

• Monday, December 17th 2012 - 21:15 UTC

  Brazil and Argentina bottom of the list in terms of competitiveness

  

  Brazil ranks near the bottom among fourteen emerging powers in terms of competitiveness, due to high capital and labor costs as well as inadequate infrastructure, according to a study commissioned by the National Confederation of Industry (CNI) and published by the Folha de Sao Paulo daily.

• Tuesday, December 6th 2011 - 20:20 UTC

  Brazil slowdown faster than expected: negative growth in the third quarter

  

  Brazil’s economy shrank in the third quarter, prompting the government to slash its growth forecast for the year, one week after announcing stimulus measures to contain the spillover from Europe’s debt crisis.

• Friday, November 18th 2011 - 06:30 UTC

  Brazil economic activity falls 0.32% in the third quarter

  

  Brazilian economic activity dipped in the third quarter despite a slight rise in September, according to central bank data on Thursday. The central bank's IBC-Br economic activity index fell 0.32% in the third quarter.

• Monday, October 31st 2011 - 03:11 UTC

  Brazil becomes sixth world economy, overtaking UK by the end of 2011

  

  At the end of the current year Brazil’s GDP will rank sixth in the world and for the first time ahead of Britain’s GDP, according to the Sao Paulo media based on reports from IMF and private consultants.

• Friday, October 7th 2011 - 18:08 UTC

  IMF tells Latam to be prepared for a “triple shock”, in the worst of scenarios

  

  Latin American policy makers must be prepared to use interest rate cuts and consider fiscal measures to protect their economies in the event that the global economy stalls, the International Monetary Fund said.