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The increase, the largest since 2002, comes despite low growth expectations and reflects concerns over rising inflation, with the Central Bank warning of a similar rate rise in…
This is close to the ceiling of the target band of 2.25-5.25% set for this year. In response, the Central Bank last week raised its benchmark interest rate from a record low of…
The expansion was largely driven by a booming agricultural sector, whose output rose by 21.6%. The services sector, which accounts for around two-thirds of added value in the…
The Brazilian economy has been negatively impacted by external shocks, including the COVID-19 pandemic and supply-chain constraints, as well as by poor domestic performance…
Days before this announcement, the government asked Congress to approve a primary deficit of up to 96.65 billion reais (some 1.5% of GDP) for this year. The sharp deterioration in…
Given his low popularity, Bolsonaro adopted a series of measures to mitigate the effects of accelerating inflation, economic slowdown and increasing poverty. The objectives are…
The economy is at a crossroads: high unemployment and increasing poverty are generating pressures for greater income transfers, but the delicate fiscal position is generating…
Soon after taking office, President Mauricio Macri announced a "rain of new investments" from foreign companies attracted by the business-friendly tone set by his administration…
Details
DOI: 10.1108/OXAN-DB212198
ISSN: 2633-304X
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Indicators bottomed out after April. Most economists now expect GDP to contract by 5.5-6.0% this year, a severe blow to an economy that had yet fully to recover the ground lost in…
Prospects for Brazil to end-2021.