Unemployment Rises to 7.5 Percent in Brazil
Unemployment in Brazil has hit its highest level for the month of July since 2009 reaching 7.5 percent, according to...
August 21, 2015Topic
Economy
Recession in Brazil Might Continue Until 2016
Analysts of the Brazilian economy have changed their forecast for 2016 for the first time to negative, assuming a contraction...
August 17, 2015
Moody’s Downgrades Brazil’s Credit Rating
Weaker economic performance, lack of political consensus over fiscal reforms and the government’s rising debt burden were factors for the...
August 12, 2015
Impact of Lava Jato on Brazil’s GDP Could Reach R$140 Billion
The Lava Jato (Carwash) corruption scandal in Brazil involving oil giant Petrobras and some of the country's largest construction companies...
August 11, 2015
‘Brazil Cost’ Bureaucracy Continues to Hinder Business
A new study by the World Bank confirms the efficiency problem, showing that Brazilian companies need fifteen times longer to...
August 6, 2015
Over 1,000 Shops Have Closed in Rio de Janeiro Already This Year
The high price of rents and the worsening economy has led to the closure of 1,280 commercial establishments in Rio...
August 4, 2015
Selic Interest Rate Increased for the Seventh Time in Brazil
Brazil's benchmark interest rate, the Selic, has been increased for the seventh time in a row by the Central Bank's...
July 30, 2015
Brazil Shows Slight Increase in Industry Confidence
After five consecutive declines the Brazil announces that the Industry Trust Indicator (Índide de Confiança da Indústria, ICI) increased in...
July 27, 2015
Brazil Real Falls to R$3.34 per US$1, the Lowest in Twelve Years
The U.S. dollar ended this Friday (July 24th) selling at R$3.347 to US$1, an increase of R$0.051 (1.65 percent) on...
July 25, 2015