Brazilian economy cools down with global turbulence

For the fifth consecutive week, Brazilian financial analysts reduced their estimates for the Brazilian economic growth this year. Local market sentiment poll – Focus Report According to the Focus report, released by the Brazilian Central Bank the forecast 2011 GDP (Gross Domestic Product) fell from 3.29% to 3.20%. The same happened in the inflation projectionContinue reading “Brazilian economy cools down with global turbulence”

Time to cool down? Is Brazilian economy overheated?

One starts to wonder if it Brazilian economy is overheated. The Economist for one, came with an article – Too Hot  (2/6/11)  Latin America’s biggest economy is more fragile than it appears. The Economist point is mainly this: the Brazilian government has a big head and risks not doing a good job implementing reforms that are needed. On that,Continue reading “Time to cool down? Is Brazilian economy overheated?”

Brazilians pay record taxes in 2011

Brazilian Internal Revenue Service (Receita Federal) announced a new records showing that taxes are moving put with the economy. Dolar is stable and country risk is down but GDP prognostics for 2011 are decelerating. The first quarter of 2011 set a record for the period of R $ 311.349 billion. This amount represents a growthContinue reading “Brazilians pay record taxes in 2011”

The G20 aftermath: The Delhi consensus

The Economist outlines India’s appeal in reporting on the aftermath of the G20 meetings – an interesting contrast with Brazil. “India’s appeal to foreign investors is easy to see. Its economy grew by 8.8% in the year to the second quarter; the rupee has strengthened; and the Reserve Bank of India (RBI) this month raisedContinue reading “The G20 aftermath: The Delhi consensus”