For 2017, the Brazilian government’s official number is 1% growth, with the recovery starting already in the first quarter. However, according to O Estado de S. Paulo newspaper, the Minister of Finance, Henrique Meirelles, has already admitted in private conversations with members of Congress that the economy should something around 0.5% in 2017. for the lastContinue reading “When will Brazilian GDP recover?”
Category Archives: Politics
Brazil versus Rousseff: democracy won
The Brazilian Congress impeached the head of the executive, president Dilma Rousseff. All senators voted, under the processual supervision of the president of the Supreme Court, Ricardo Lewandowski. The result: 61 in favor and 20 senators against the impeachment. Is it a coup d’etat? Funny to even make this question after seeing more then 70Continue reading “Brazil versus Rousseff: democracy won”
Brazil versus Rousseff. (I witnessed the largest protest ever)
Brasilia, March 13th. Early in the morning I started hearing the cars honking. It was just the beginning of a memorable day. A spontaneous popular manifestation is not an ordinary thing. On the streets, I saw people wearing yellow shirts, Brazil colors were everywhere… windows dressed with Brazil’s flags, wrapping cars, bikes. Brazilians are generally complacentContinue reading “Brazil versus Rousseff. (I witnessed the largest protest ever)”
Business Newswires Analysis: Petrobras overhaul calls for much more than corruption clean-up
The Petrobras scandal: are we facing a complex case of corruption with politics prying associated with lousy management? What will it take to get Petrobras on track? This Business Newswire analysis makes good points. Petrobras’ decision to take a massive $17 billion (11.20 billion pound) write-down to account for overvalued assets and corruption-related costs is onlyContinue reading “Business Newswires Analysis: Petrobras overhaul calls for much more than corruption clean-up”
Ricardo Amorim’s point of view on doing business in Brazil
For those who want a brief introduction to doing business in Brazil I recommend this 4 minutes video in English. Ricardo Amorim is one of Brazil´s most influential economist according to Forbes magazine and Klout.com.
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