Bradesco, one of Brazilians leading banks, just revised the Brazilian real GDP growth forecast to -2.0% in 2015, from -0.7%. Changes reflect the worsening outlook for interest rates and inflation. They are also revising 2016 GDP estimate to 0.8%, from 1.4%. At the beginning of the year, consensus was still at a positive level (0.5%). ThatContinue reading “Bradesco sees Brazilian GDP contracting -2,0% in 2015”
Category Archives: Brazil
Brazil in The Economist
Brazil In a quagmire Latin America’s erstwhile star is in its worst mess since the early 1990s Feb 28th 2015 | From the print edition CAMPAIGNING for a second term as Brazil’s president in an election last October, Dilma Rousseff painted a rosy picture of the world’s seventh-biggest economy. Full employment, rising wages and socialContinue reading “Brazil in The Economist”
Davos: a chance for Brazil to regain international confidence
The World Economic Forum Annual Meeting in Davos, Switzerland ended yesterday debating the world’s most pressing issues and long-term challenges, including inequality, climate change and terrorism. For Brazil, the forum was an opportunity to reverse the negative news flow: low growth, corruption and incompetence. Joaquim Levy, Brazil’s Finance minister, reassured the government’s determination to attractContinue reading “Davos: a chance for Brazil to regain international confidence”
Brazil in 2010: the new Eldorado?
I just came across some photos I took in 2010. They show a number of magazines that had Brazil in their cover. All of them were quite positive about the potential of Brazilian economy. Let’s register this historical moment in time. Brazil: now is the moment Brazil: the country were the left got it right TheContinue reading “Brazil in 2010: the new Eldorado?”
A test for Brazilian democracy
Amidst a history full of oligarchies and military coups, Brazilian democracy emerges and give signs of maturity. An exciting presidential race challenges the supremacy of popular party PT, in office after 12 years. But what could be an easy reelection has become a nightmare for Lula and his party. President Dilma Rousseff (PT) is strugglingContinue reading “A test for Brazilian democracy”
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