Tags Recession

Tag: Recession

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite the deep economic recession facing the country, Brazil led foreign direct investment (FDI) inflows in Latin America, obtaining 47 percent of total direct investment in the region, approximately US$78.9...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – A report released on Monday (July 17th) by the World Trade Organization (WTO) says that the Brazilian economy will have a gradual recovery in 2017, but growth will be weak...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian industry production fell again in April after slightly recovering in March according to the National Confederation of Industry (CNI). A CNI survey released on Wednesday shows that both production...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Despite an United Nation’s report stating that Brazil is likely to grow only 0.1 percent this year, limiting the total economic growth of the region, Brazil’s finance minister Henrique Meirelles...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Gross Domestic Product (GDP) in Brazil closed 2016 with a retraction of 3.6 percent, making this current recession (2015-2016) the biggest the country has faced since 1947 when the...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Finance minister of Brazil, Henrique Meirelles, says country’s economy is showing signs of recovery and that the worst recession the country has faced in its history is over. Meirelles attributed...
By Jay Forte, Contributing Reporter RIO DE JANEIRO, BRAZIL - In the midst of an economic crisis, Carnival carries on in Rio de Janeiro, now just one week away. Yet the Brazilian Hotel Industry Association (ABIH) reports that hotel...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Authorization of work visas for foreigners in Brazil fell by 21.12 percent according to a survey based on the last available data released by the country’s Labor Ministry. The data...
By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – In a unanimous decision, Brazilian Central Bank’s Monetary Policy Committee (Copom) announced Wednesday, November 30th, it was reducing the country’s benchmark interest rate (Selic) for the second consecutive month, by...
By Nelson Belen, Contributing Reporter RIO DE JANEIRO, BRAZIL - On Tuesday, November 15th, the International Monetary Fund’s (IMF) executive board released its annual report indicating that Brazil is close to exiting from a deep recession that has gripped the...
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