Tag: Brazilean GDP

• Tuesday, May 24th 2016 - 05:16 UTC

  Meirelles on Tuesday will announce spending cuts to contain a huge fiscal deficit

  

  Brazil's government on Tuesday will announce spending curbs and other measures to reduce its rising debt burden and contain a fiscal deficit as it seeks to regain the confidence of investors, Finance Minister Henrique Meirelles said.

• Friday, March 4th 2016 - 07:17 UTC

  Brazilian GDP contracted 3.8% in 2015, the worst among major economies

  

  Brazil's GDP fared worse than almost any other major economy in 2015, contracting by 3.8%, according to the national statistics agency IBGE. Economic growth in the world's seventh-largest economy has fallen sharply in recent months, which was due partly to low commodity prices and sluggish global growth.

• Wednesday, December 2nd 2015 - 10:45 UTC

  Brazilian economy contracts a record 4.5% in the last twelve months

  

  Brazil's economy, in recession since mid-year, contracted 1.7% in the third quarter, compared to the April-June period, and decreased 4.5% relative to the same period in 2014, the Brazilian Institute of Geography and Statistics, or IBGE, said on Tuesday.

• Monday, July 27th 2015 - 06:45 UTC

  Banks forecasting two years of economic contraction for Brazil

  

  Banks in Brazil are now forecasting economic contraction in 2016 and if this proves correct it will be first time Latin America's largest economy shrinks two years running since the Great Depression.

• Thursday, November 15th 2012 - 07:18 UTC

  Brazilian economy picks up in third quarter, but doubts remain

  

  The Brazilian economy gained speed in the third quarter central bank data showed on Wednesday, but weaker activity in September suggests that there are still many question marks ahead.

• Sunday, June 24th 2012 - 02:46 UTC

  Brazil’s May current account deficit reached 3.4 billion dollars

  

  Brazil posted a current account deficit of 3.468 billion dollars in May, central bank data showed on Friday, in line with analysts' expectations and less than the previous month's gap. Brazil's current account deficit in April was 5.4 billion, the central bank said last month.