Unemployment Rate in Brazil Remains Stable in Q3/2014

Unemployment Rate in Brazil Remains Stable in Q3/2014

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The unemployment rate in Brazil during the third quarter of the year remained stable at 6.8 percent, according to the IBGE (Brazilian Statistical Institute) through its quarterly National Household Survey (Continuous PNAD). The result was the same as that of the second quarter (July-September) results, […]

Meat Prices Pressure Inflation Index Increase in Brazil

Meat Prices Pressure Inflation Index Increase in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Consumer Price Index (IPCA) in Brazil rose by 0.51 percent in November according to the IBGE (Brazilian Statistics Bureau). The rate is higher than that registered in October (0.42 percent) but lower than in November of 2013 (0.54 percent). Meat prices increased for the […]

Brazil Reduces Economic Growth Forecast for 2015

Brazil Reduces Economic Growth Forecast for 2015

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazil’s Planning Ministry has reduced its growth forecast (GDP) for the country’s economy in 2015 from 2 percent to 0.8 percent. The reduction in estimate comes only weeks after the government had announced it had revised its GDP growth estimate for next year from 3 […]

Ample Anti-Smoking Law Implemented in Brazil

Ample Anti-Smoking Law Implemented in Brazil

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – As of Wednesday, December 3rd, Brazil has banned smoking in all indoor public spaces, public or private, such as restaurants, clubs, residential building halls and clubs. The law also prohibits the advertisement of cigarettes, even in places that are allowed to sell the product. Although […]

Brazil 69th in Transparency International’s Corruption Ranking

Brazil 69th in Transparency International’s Corruption Ranking

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – According to Transparency International’s Corruption Perception Index, Brazil was ranked 69th among 175 countries, up from last year when it ranked 72nd among 177 countries. The Index, prepared since 1995 measures the perceived levels of public sector corruption in the countries surveyed based on data […]

Brazil’s Industrial Production Remains Stagnant in October

Brazil’s Industrial Production Remains Stagnant in October

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Brazilian industrial production remained stagnant in October in relation to September, when it registered a negative variation of 0.2 percent, according to data from the IBGE (Brazilian Statistical Bureau). The accumulated retraction in the first ten months of 2014 is of 3.0 percent. “Although there […]

Brazil’s E-Commerce Has Record Sales On Black Friday

Brazil’s E-Commerce Has Record Sales On Black Friday

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – Although Brazilians do not celebrate Thanksgiving, they have adopted a U.S. ritual that occurs the day after: Black Friday. This year, record sales were seen in Brazil’s e-commerce on Friday, November 28th and throughout the weekend, with more than five million sales totaling more than […]

Brazil Announces New Finance Minister and Economic Team

Brazil Announces New Finance Minister and Economic Team

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – After weeks of speculations, the new economic team to lead Dilma Rousseff’s administration in its second term was announced on Thursday: Joaquim Levy will take over as Brazil’s new Finance Minister, Nelson Barbosa will be the new Budget and Planning Minister, while Alexandre Tombini was […]

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 […]

Soybean Moratorium Renewed in Brazil’s Amazon Region

Soybean Moratorium Renewed in Brazil’s Amazon Region

By Lise Alves, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government, soybean processing companies and non-governmental agencies renewed on Tuesday, November 25th, a moratorium pact whereby Brazil’s soybean industry and exporters agreed to refrain from purchasing the grain from areas in the Amazon region which have been cleared since June 2008, to be […]