Category: Macroeconomics
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Brazilian GDP grows 7.7% in Q3 2020, below market expectations
As a result, the country’s economy is still at the same level as 2017, with an accumulated drop of 5% from January to September. The recovery highlight was the manufacturing industry. The market expectation was for growth of 8.8% in relation to the previous quarter “The Gross Domestic Product (GDP) grew 7.7% in the third…
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Brazilian stock index Ibovespa closes at record high
Even after advancing more than 10% in October, the Ibovespa started the month of November going up, giving signs that it still has the breath to seek new levels. And the first barrier has already been broken: with this Thursday’s performance (November 1), the index renewed its intraday and closing highs. At the best moment…
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Ibovespa rises 4.57% with record volume
São Paulo – Confirmation of the strengthening of the right wing in Congress and the run-off of the second round of the presidential elections gave the Ibovespa a boost to recover lost levels with the truckers’ strike. With such a large volume that reached an all time record . The Ibovespa ended with a 4.57%…
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Brazil is out of Trump’s steel surcharges, says US trade representative
US President Donald Trump has decided to “suspend” the steel surcharge for some countries that are in negotiations with Washington. Brazil, Argentina, Australia, Europe, plus Canada and Mexico, are on this list, according to US Trade Representative, Robert Lighthizer. He appeared before the Senate Finance Committee on Thursday and was questioned by Democratic Senator Ron…
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Government is now evaluating changes to the pension plan without touching the constitution
After giving up on the Social Security reform – amid federal intervention in the security area of the State of Rio de Janeiro, a measure that prevents changes in the Constitution while it is in force – ministers of the economic area now study changes in pensions that do not depend on constitutional amendments, said…
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Economists reduce Brazil inflation forecast for 2017 and the next 12 months
Market economists reduced their estimate for inflation by the Broad Consumer Price Index (IPCA) in 2017 and in the next 12 months, according to the average forecast in the Focus Bulletin, released on Monday by the Central Bank (BC) . For this year, inflation bets were reduced from 3.03% to 2.88%, below the floor of…
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IPCA inflation index slows down in November, according to IBGE
Inflation measured by the National Extended Consumer Price Index (IPCA) slowed to 0.28% in November, from 0.42% in October, the Brazilian Institute of Geography and Statistics (IBGE) reported Friday. In the same month of 2016, the increase had been of 0.18%. Therefore, official accumulated inflation accelerated in 12 months: from 2.70% in October to 2.80%…