Brazil and the United States signed a memorandum of understanding to forge closer trade links, a step that could see U.S. Export-Import Bank finance up to US$1 billion of exports to and projects in the Latin American nation.Add your comment!
Brazil’s Economy Minister Paulo Guedes and the powerful lower house Speaker Rodrigo Maia announced a truce after more than a month of bickering over reforms and how to tackle a widening fiscal deficit. Local markets rallied.
Brazilian central bank president Roberto Campos Neto said he has not been sounded out about replacing Economy Minister Paulo Guedes when he eventually leaves his post, and said the whole notion is a “non-issue.”
Brazil’s Economy Minister Paulo Guedes has no intention of resigning according to reports in the Sao Paulo media, in an attempt to quash rising speculation that political pressure for more public spending could force him to quit.
Brazil's Undersecretary for Macroeconomic Policy Vladimir Kuhl Teles has resigned, according to an announcement in the Official Gazette on Monday, the latest in a string of resignations from the economy ministry.
A series of high-profile resignations from Brazil’s economic team have left Economy Minister Paulo Guedes shaken but committed to keep pushing for reforms in the government. The losses are also the most visible sign yet that Guedes’ ambitious economic agenda is suffering a downgrade in size and scope, although his austerity drive received a crucial backing from President Jair Bolsonaro and congressional leaders.
Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can continue to spend its way out of recession.
Brazil’s government lowered its 2020 economic outlook, forecasting a gross domestic product contraction of 4.7%, which would signal the country’s biggest economic crash in more than a century.
Brazil could face economic collapse in a month's time due to stay-at-home measures to stem the coronavirus outbreak, with food shortages and social disorder, Economy Minister Paulo Guedes warned on Thursday.
Brazilian Economy Minister Paulo Guedes said that according to initial estimates, the country's economy would shrink 6% as a result of the recession caused by the new coronavirus pandemic, but now, thanks to the increase in exports to China, expectations are of a retraction of only 4% this year.