Tag: GDP
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Brazilian Economy shrinks 0.51% in May, according to the Central Bank
The Brazilian economy has not confirmed the brief improvement in April. The Economic Activity Index Central Bank (IBC-Br) fell 0.51% in May, after growing 0.07% in April (revised), which was the first increase in 15 months. In the year, the decline was a significant 5.79%. In the 12 months ending in May, the IBC-Br indicates…
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What to Expect for Brazilian Interest Rate in 2016
Monetary Policy Committee (COPOM) has decided to keep the Brazilian interest rate benchmark in Brazil (SELIC) at 14.25% a year, unanimously. The central bank repeated the note issued with the previous decision, in which it says “we see advances in the inflation fighting but the still elevated cost of living and expectations are out of the target”.…
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China-Brazil infrastructure cooperation mutually beneficial
Infrastructure cooperation between China and Brazil is mutually beneficial and should be further strengthened, experts say.Brazil hopes to attract Chinese investment in highways, railways, ports, airports and other infrastructure projects, while the Chinese government regards infrastructure building key to bilateral cooperation, they say. “The Brazilian government can count on infrastructure investment as a way to…
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Foreign investment in Brazil grows in September, covers external gap
Brazil’s current account deficit grew wider than expected in September but was easily covered by foreign investments, central bank data showed on Friday. Brazil posted a current account deficit of $3.076 billion in September, larger than a gap of $2.487 billion in August and the $2.3 billion deficit forecast by economists for the month, central…
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Brazil’s GDP contracted 2.6% in Q2 2015 from a year earlier, worse than expected
The Brazilian GDP (Gross Domestic Product) fell by 1.9% in the second quarter of 2015 compared to the first quarter of 2015, according to IBGE (Brazilian Institute of Geography and Statistics) announced on Friday (28). On an year-over-year basis, the decline was 2.6%. The GDP in the 1st half of 2015 decreased by 2.1% compared…
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After Two Months of Contraction, Brazilian GDP Remains Stable in May
After two months of contraction, the Brazilian economy remained stable in May. According to the metric from the Central Bank (IBC-Br), the activity had a modest rise of 0.03% in May compared with April, when it had shrunk 0.88% (revised from 0.84%), in the seasonally adjusted series. May result was below the estimated by analysts.…
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Brazilian GDP beats expectation in Q3 and grows 1.5% QoQ. But is that sustainable?
The result of the GDP may have shown some relief that the economy is still growing. However, this result is still not a guarantee that the situation is better and that the growth in the year will be higher than current expectations, around 2.5% YoY, the so called PIBinho, diminutive for GDP in Portuguese. Manufacturing…