Brazilian GDP Expected Growth Cut to 1.05% for 2014

Brazilian GDP Expected Growth Cut to 1.05% for 2014

By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – Research from Banco Central (BC, or Central Bank of Brazil) shows that the projected growth of GDP has fallen, while forecasts for inflation rates has increased, indicating a persistent decline in Brazil’s economy. For the seventh week straight, economists at the Banco Central have cut […]

Brazil’s Agriculture Registers Surplus of US$8.5B: Daily

Brazil’s Agriculture Registers Surplus of US$8.5B: Daily

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s agribusiness sector registered a surplus of US$8.5 billion in June, according to MAPA (Brazil’s Ministry of Agriculture, Livestock and Supply). Exports grew by 4.7 percent in comparison to June of 2013 to US$9.61 billion, while imports fell by five percent to US$1.21 billion during the […]

Argentina’s Financial Crisis Affects Brazil

Argentina’s Financial Crisis Affects Brazil

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Brazilian businessmen are closely monitoring the financial crisis in Argentina, concerned with the effects that the crisis may have on Brazilian production and exports. Their concern is warranted: during the first five months of 2014 Brazilian exports to Argentina have declined by 19.8 percent in relation […]

Brazil’s Industrial Production Falls in May: Daily

Brazil’s Industrial Production Falls in May: Daily

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Industrial production fell by 0.6 percent in May registering the third consecutive negative result for the year, according to data from the IBGE (Brazilian Statistical Bureau). The accumulated retraction from January to May is now at 1.6 percent. According to the IBGE, the decline of industrial […]

World Cup Generates Jobs and Boosts Economy in Brazil

World Cup Generates Jobs and Boosts Economy in Brazil

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – The 2014 World Cup in Brazil has generated nearly one million jobs in the country and will inject approximately R$30 billion in the economy, shows a recent survey conducted by FIPE (Economic Research Institute Foundation) for Brazil’s Ministry of Tourism. For Vicente Neto, president of Embratur […]

May’s Food and Transport Help Lower Inflation: Daily

May’s Food and Transport Help Lower Inflation: Daily

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Inflation cooled in May due mainly to food and transport prices, according to the IBGE (Brazilian Statistics Bureau). The IPCA (Consumer Price Index) registered an increase of 0.46 percent, the lowest rate since September of 2013. In April the IPCA index registered an increase of 0.67 […]

Brazil Trade Industry Losses During World Cup: Daily

Brazil Trade Industry Losses During World Cup: Daily

By Chesney Hearst, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL – While the service sector in Rio de Janeiro is expected to see increased sales during the World Cup and the seven games to be hosted in the city, losses are predicted for the trade industry during that time period, due in part to the […]

Brazil Grows 0.2 Percent in Q1 of 2014: Daily

Brazil Grows 0.2 Percent in Q1 of 2014: Daily

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – The economy of Brazil grew a disappointing 0.2 percent during the first quarter of 2014 in relation to the fourth quarter of 2013, according to the IBGE (Brazilian Statistics Bureau). The government had forecast a 0.3 percent growth for this quarter. The data, released last Friday, […]

Brazil’s Middle Class Going Back to Essentials

Brazil’s Middle Class Going Back to Essentials

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – In the past decade Brazil witnessed the surge of its middle class, termed ‘C class’ which is defined as a per capita monthly income of between R$320 (US$144) and R$1,120 (US$503). During this time an estimated 35 million have moved up from poverty and entered the […]

Brazil’s Risk Premium Rises Sharply

Brazil’s Risk Premium Rises Sharply

By Alfred Rinaldi, Contributing Reporter RIO DE JANEIRO, BRAZIL – A sharp rise in the cost of Credit Default Swaps (CDS), which is an indicator of a country’s risk premium, is increasing pressure on the Rousseff government to address market worries about the country’s economic standing. Last week, the cost of CDS stood at 210.9 […]

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