Brazil

IMF Projects Ongoing Fiscal Struggles for Brazil During Lula’s Presidency

The International Monetary Fund (IMF) has downgraded its fiscal projections for Brazil, predicting continued budget deficits until the end of President Luiz Inácio Lula...

Steady Rise in Brazil’s Economic Activity

Business - Brazil

February saw the fourth straight month of growth for the Brazilian Central Bank's Economic Activity Index (IBC-Br), a precursor to GDP. The index rose by 0.40% from January, with adjustments for seasonal influences, continuing its...

Rising Dollar Tightens Economic Challenges for Lula’s Government

Brazil

(Analysis) The Brazilian Real has significantly weakened since the beginning of the year, culminating in the dollar peaking at R$5.268 on Tuesday, April 16. Economists...

Escalating Strains Between Brazilian Congress and Supreme Court Raise Alarms

Brazil

(Analysis) In Brazil, tensions between Congress and the Supreme Court (STF) are escalating, drawing...

The Brazilian Real Faces Steepest Depreciation Globally in April

Business - Brazil

April 2024 has been a challenging month for the Brazilian Real, which saw the sharpest depreciation globally against the...

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...