Joaquim Levy, Brazil’s new Minister of Finance was not long ago working for Aecio Neves, Dilma Rousseff’s rival in the presidential elections. Neves commented Levy’s nomination by saying that “it is the same as nominating a CIA agent to run the KGB”. Why on earth would president Rousseff appoint him Minister of Finance? Journalist Miriam LeitãoContinue reading “Why Rousseff’s Minister of Finance comes from her opponent’s team?”
Category Archives: Economy
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”
IMF predicts Brazilian GDP will grow only 0.3% in 2014
For the sixth time in a row, the International Monetary Fund cuts down its forecast for 2014 economic growth in Brazil. In July IMF projected an expansion of 1.3%, now it expects only 0.3%. This figure, if confirmed, will be the second worst GDP result since 1998. The poor performance for this year will only be betterContinue reading “IMF predicts Brazilian GDP will grow only 0.3% in 2014”
How expensive are products made in Brazil?
Brazilian products are on average 34.2% more expensive than a similar product made somewhere else. What are the reasons? The Brazil cost, followed by the appreciation of the Brazilian Real, explain the economic stagnation the country is facing. Those are the findings of a recent study prepared by the Federation of Industries of the StateContinue reading “How expensive are products made in Brazil?”
Brazil: our highlights of 2012
2012 was a year of contrasts for Brazil. To start with, FDI was record but the country is not cheap anymore. Momentum is still positive. 7 out of 10 business leaders interviewed by the E&Y attractiveness survey point Brazil as the most attractive place to establish operations in Latin America. Is it a good result? Considering the size of the Brazilian economy,Continue reading “Brazil: our highlights of 2012”
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