MercoPress, en Español

Montevideo, June 20th 2019 - 03:50 UTC

Tag: Brazilian market

  • Thursday, April 4th 2019 - 09:21 UTC

    Weapons makers encouraged with the Brazilian market by pro-gun Bolsonaro

    Some 450 Brazilian and foreign companies have the latest weapons technology on display on display at the four-day LAAD defense and security expo

    With its high murder rate and huge armed forces, Brazil has long been in the cross-hairs of foreign weapons makers. Now they have a powerful champion: pro-gun President Jair Bolsonaro. The right-wing former army captain, who relaxed gun ownership laws soon after taking power in January, has raised hopes among foreign firms that his next move will be easing investment restrictions on Brazil's 200 billion reais (US$55 billion) defense sector.

  • Wednesday, January 9th 2019 - 08:45 UTC

    Domestic car sales in Brazilian domestic market in line with expectations

    Growth in December was particularly significant for Renault, Volkswagen and General Motors, which saw double-digit increases compared with a year earlier

    Car and light truck sales in Brazil went up 13.6% in 2018 from the previous year, cementing the industry’s gradual recovery from a deep recession. Brazil was one of the world’s five biggest auto markets until a recent downturn and, despite last year’s growth, numbers remain lower than at their peak in 2012.

  • Tuesday, July 17th 2018 - 09:30 UTC

    Brazilian market lowers 2018 economic growth to 1.5%, reveals central bank survey

    Brazil's finance minister, Eduardo Guardia, said the government's growth forecast for this year, stands at around 1.6%, well below the 2.5% of its previous forecast

    Brazil's financial institutions on Monday reduced the 2018 economic growth forecast to 1.5%, half the initial estimate issued at the beginning of the year, according to the Central Bank weekly survey. The Focus Bulletin, which interviews analysts and economists from Brazil's financial market every Monday, the country's growth estimate was actually reduced from the previous week's 1.53%.