"economic news" Category
Finance Minister forecasts 3.5%-4% GDP growth for 2018

The reforms implemented by the Brazilian government since May 2016 should result in average GDP growth between 3.5% and 4% in the coming years, Finance Minister Henrique Meirelles predicted at the opening session of the 47th Plenary Meeting of the Economic and Social Development Council (CDES).

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Banks follow Selic, announce interest rate cuts

After the latest decision by the Monetary Policy Committee (Copom) that cut Brazil's Selic benchmark interest rate to 6.50%, the country's main banks announced a reduction on the interest rates charged on loans.

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Brazil cuts rates to all-time low, signals more easing ahead

SAO PAULO/BRASILIA (Reuters) - Brazil’s central bank cut interest rates to an all-time low on Wednesday and unexpectedly signaled it is likely to pursue another reduction at its May meeting as inflation continues to underwhelm.

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Brazil to launch canal to drought-stricken northeast this year: minister

BRASILIA (Reuters) - A canal set to deliver water to two drought-stricken states in northeastern Brazil is set to go into operation by year’s end, a government minister said on Monday.

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GDP growth ends longest recession in Brazilian history

Brazil's Gross Domestic Product (GDP) rose 1% in 2017 after two years of strong decline, ending the country's largest recession in history. The data was released on Thursday (1 March) by the Brazilian Institute of Geography and Statistics (IBGE).

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Year begins with 77,822 new formal jobs

After three years, the Brazilian economy added jobs in a month of January again. According to the data from the General Register of Employed and Unemployed Persons (Caged) released by the Ministry of Labour this Friday (2 March), the economy added 77,822 jobs in the first month of the year.

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Brazil’s GDP Expands After Two Years of Contraction

SÃO PAULO—Brazil’s economy returned to growth in 2017 after two years of contraction, as investment spending, agriculture and industrial production helped pull the country out of its worst recession on record.

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Industrial production grew in 19 sectors in 2017

Last year marked the end of one of the worst recessions in Brazilian history. Despite the continuing negative results in industry, the country began to recover and resumed growth. In 2017, industrial activity caught up: the sector saw 2.5% growth this year, the best result since 2010.

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Brazil stresses call for end of rate-cutting cycle

All members of Brazil’s central bank policy board agreed that halting interest rate cuts would be appropriate if the economic outlook evolves as expected, but kept the door open for a potential final rate reduction next month, according to the minutes of its Feb.

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Brazil intensifies negotiations to join international economic organization

Brazil is going to intensify negotiations in order to have access to the Organisation for Economic Co-operation and Development (OECD).

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