Tag: devaluation

By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – Economists had predicted a decline in the Brazilian Gross Domestic Product (GDP) for 2015, but the official amount released on Thursday by the IBGE (Brazilian Statistics Agency) was gloomier than...
By Lise Alves, Senior Contributing ReporterSÃO PAULO, BRAZIL – Not even an intervention by Brazil’s Central Bank to try to limit the further devaluation of the Brazilian real (BRL) halted the decline, as Brazil’s currency tumbled once again on...
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