Brazil Optimistic Despite Decline of UN Economic Forecast
UN report notes that harder than expected recession in Brazil will limit economic growth in the region in 2017.
May 17, 2017Topic
Recession
Brazil’s GDP for 2015-2016 Registers Worst Results in 70 Years
The GDP retraction in 2016 by 3.6 percent shows the country facing its worst recession since 1947.
March 7, 2017
Brazilian Government Announces End of Recession
For Finance Minister, Henrique Meirelles, the government's austerity measures have brought back investor confidence and boosted the economy.
February 22, 2017
Only 70 Percent of Rio Hotel Rooms Booked for Carnival 2017
In the midst of an economic crisis, the Brazilian Hotel Industry Association (ABIH) reports that hotel chains in the city...
February 17, 2017
Number of Foreigners Seeking Work Visas in Brazil Fell in 2015
In addition to being in the middle of the country’s harshest recession in decades, foreigners found were discouraged by the...
December 19, 2016
Brazil’s Central Bank Reduces Benchmark Interest Rates
This is the second consecutive reduction of the country's interest rate by the country's Monetary Policy Committee.
December 1, 2016
IMF Says Brazil Poised to Emerge from Deep Recession
As Brazil finally begins to show signs of exiting its deep recession, the IMF cautions that all will depend on...
November 16, 2016
Brazil’s Government Has Worst August Revenues in 7 Years
Despite the negative results, Finance Minister, Henrique Meirelles says there is no possibility of tax increases for this year.
September 30, 2016
Risk Agency Sees Economic Improvement in Brazil in 2016
Despite the forecast of improvement in economic growth in the months ahead, the number of job closings continues high.
July 28, 2016