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Business - Brazil

IMF Adjusts Economic Growth Predictions for Brazil and Major Global Economies

The International Monetary Fund (IMF) forecasts Brazil's economic growth will modestly increase to 2.2% in 2024. This marks an adjustment upward of 0.5 percentage points...

U.S. Dollar Peaks Amid Brazil’s Fiscal Challenges

Amid geopolitical tensions, Brazil's fiscal challenges, and U.S. interest rate uncertainties, the dollar hit a high on April 16, 2024. It reached $5.2802, marking a 1.84% increase and a peak since last March. Concurrently, Brazil's...

Early 2024 Inflation Dynamics Across Latin America

In the first quarter of 2024, Latin America displayed a remarkably wide spectrum of varying inflation rates. Argentina recorded the world's highest consumer price index,...

Mercado Libre’s $4 Billion Brazilian Bet, Creating 6,500 Jobs

Mercado Libre, the titan of Latin American digital commerce, has unveiled a bold initiative...

Brazil’s Aluminum Industry Achieves Self-Sufficiency Amid Global Shifts

In 2023, Brazil successfully regained self-sufficiency in aluminum production, recording a significant 24% increase to reach 1.006 million tonnes. This...

Brazilian Service Sector Shows Resilience Despite February Dip

In February 2024, Brazil's service sector faced a slight downturn, recording a 0.9% decline from the previous month, according to the stats agency IBGE. This...

Brazil Feels the Squeeze as U.S. Maintains High Rates

(Analysis) As the United States continues to sustain high interest rates, the Brazilian economy faces increasing mounting challenges. This shift...

Shifting Tides in Brazil’s Trade Balance

Bank of America predicts a shift in Brazil's trade dynamics for 2024, foreseeing a slowdown from the record trade...

Brazil’s March Inflation Dips to 0.16%

In March, Brazil witnessed its inflation rate decelerate significantly to 0.16%, marking a sharp...

Brazil Braces for Inflation Spike Amid Steady Growth

On April 9, 2024, the Central Bank of Brazil's Focus report revealed forecasts of a...

2023 Marks South America’s Lithium Production Milestone

In 2023, South America significantly boosted its lithium production, with Chile, Argentina, and Brazil leading the charge. This vital component,...