Brazil a Top Exporter of Illicit Financial Flows in World

Brazil a Top Exporter of Illicit Financial Flows in World

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A survey released Tuesday by Global Financial Integrity (GFI) reveals that Brazil is the seventh biggest exporters of illicit financial flows in the world, averaging US$21.71 billion of illicit flows per year for the past ten years. Although one of the top ten, Brazil was […]

Dollar Closes at R$2.70, Highest in Almost Ten Years

Dollar Closes at R$2.70, Highest in Almost Ten Years

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – In June 2011 the U.S. dollar sank against the Brazilian real to its lowest point in recent memory, it was US$1 to R$1.55. Now, a week after surpassing US$1 to R$2.60, the U.S. dollar climbed to US$1 to R$2.70, and ended Monday (December 15th) at […]

Brazil Grows in Q3, No Longer in Technical Recession

Brazil Grows in Q3, No Longer in Technical Recession

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian Gross Domestic Product (GDP) grew by 0.1 percent during the third quarter of 2014, removing the country from a technical recession, according to data from the IBGE (Brazilian Institute of Geography and Statistics). A ‘technical recession’ occurs when the GDP falls for two […]

Brazil Forecasts Lower GDP Growth, Increased Inflation

Brazil Forecasts Lower GDP Growth, Increased Inflation

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The government of Brazil has reduced its official estimate for the country’s economic growth (GDP) for 2014 and 2015, increased its forecast for the IPCA inflation index (Consumer Price Index) for both years, according to the Ministry of Planning. “The GDP growth forecasts for 2014 […]

Brazil Industrial Output Down 0.2 Percent in September

Brazil Industrial Output Down 0.2 Percent in September

By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL – The the Brazilian Institute of Geography and Statistics (IBGE) announced today (November 4th) in their Monthly Industrial Survey that production of Brazilian industry in September fell by 0.2 percent compared to August. In comparison with the same month last year, the result was -2.1 percent. […]

Markets in Brazil React Favorably to Neves’ Candidacy

Markets in Brazil React Favorably to Neves’ Candidacy

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The surprising outcome of Sunday’s presidential elections, with Aecio Neves of the PSDB (Social Democracy Party) winning more than 33 percent of the votes and making it to the second round of elections boosted investors’ spirits in Brazil. The country’s stock market (Bovespa) registered on […]

Brazil Real Estate Growth Dips Below 10% in August

Brazil Real Estate Growth Dips Below 10% in August

By Kendall Clark, Contributing Reporter RIO DE JANEIRO, BRAZIL – Real estate growth experienced a downturn for the ninth consecutive month across Brazilian cities, falling for the first time below ten percent growth since 2012. According to an index calculated by FipeZap, the main data source of the Brazilian real estate market, the price per […]

Brazil Goes into Recession After Two Quarter Slide

Brazil Goes into Recession After Two Quarter Slide

By Sarah Brown, Contributing Reporter RIO DE JANEIRO, BRAZIL – The Brazilian GDP, the largest economy in Latin America, fell by 0.6 percent in the second quarter ending in June, worse than analysts had predicted. In the first quarter revised figures showed a fall in GDP of 0.2 percent, according to data from the IBGE […]

Tax Income Increases from Small and Medium-Sized Companies

Tax Income Increases from Small and Medium-Sized Companies

By Sarah Brown, contributing reporter RIO DE JANEIRO, BRAZIL – It is the small to medium-sized companies that are gaining the bigger profits in Brazil against last year’s figures, according to the Internal Revenue Sector. They state that the low growth of federal revenues in the first semester is linked to the performance of the […]

Brazil’s GDP Growth Forecast Decreased Again: Daily

Brazil’s GDP Growth Forecast Decreased Again: Daily

By Lise Alves, Contributing Reporter SÃO PAULO, BRAZIL – Forecasts on the growth of Brazil’s economy decreased further this week, with the International Monetary Fund (IMF) reducing its growth forecast from 1.8 percent (in April) to 1.3 percent on Thursday. This is the fifth time this year the IMF has reduced its forecast of Brazil’s […]

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