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Tag: Stimulus

By Doug Gray, Senior Contributing Reporter RIO DE JANEIRO, BRAZIL - It has been a volatile 2013 so far for Brazil’s currency, and indeed for Latin America’s largest economy as a whole. Last week, however, the susceptibility of the real...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – The Brazilian government has extended its policy of reduced IPI (tax on industrialized products) for vehicles for a fourth time, with a return to standard rates now scheduled for December...
By Ben Tavener, Senior Contributing Reporter SÃO PAULO, BRAZIL – After a gloomy 2012 in which the Brazilian economy all but ground to a halt, a cautiously optimistic sense is returning to some sectors of Brazilian industry, fueled by better-than-expected...
By Lucy Jordan, Senior Contributing Reporter BRASÍLIA, BRAZIL – Finance Minister Guido Mantega revised Brazil’s economic growth forecast for this year to two percent Thursday, from an earlier estimate of three percent. The downgrade comes as a response to...
By Lucy Jordan, Senior Contributing Reporter BRASÍLIA, BRAZIL - In the latest in a raft of stimulus measures, the government on Wednesday announced a program that will see R$133 billion in state-directed private investment to bolster Brazil’s ailing transport...
By Lucy Jordan, Contributing Reporter BRASÍLIA, BRAZIL – Brazil cut its benchmark Selic interest rate to a record low of eight percent Thursday, in an attempt to boost an economy that has continued to falter in the face of various...

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