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Nov 28, 2014

Brazil to raise rates for second straight meeting next week – Reuters Poll

BRASILIA (Reuters) – Brazil’s central bank is widely expected to raise interest rates for a second straight meeting next week, tightening its grip on inflation but weighing further on sluggish economic growth, a Reuters poll showed on Friday.

All the 49 economists surveyed agreed the central bank will raise borrowing costs on Dec. 3 from the current 11.25 percent BRCBMP=ECI.

Nov 28, 2014

Brazil scrapes out of recession on government spending

BRASILIA, Nov 28 (Reuters) – Brazil’s economy crawled out of
a recession in the third quarter as public spending rose before
presidential elections, suggesting growth could be short-lived
as the government plans to tighten its budget.

The economy grew 0.1 percent in the third quarter from the
previous period, resuming expansion after two
consecutive quarters of contraction, government statistics
agency IBGE said on Friday. The result missed the median
forecast of 0.3 percent growth in a Reuters poll of 36 analysts.

Nov 26, 2014
Nov 26, 2014
Nov 26, 2014
via MacroScope

Brazil may have escaped recession, but not the minefield

Photo

Brazil’s newly-re-elected government is set to announce on Friday that the recession that began at the start of 2014 is now over. But a minefield of risks surrounding Latin America’s largest economy recommends caution before celebration.

How to quantify the damage from an unprecedented police investigation that could incriminate dozens of politicians within Rousseff’s coalition? How to measure the harm caused by the ongoing U.S. Department of Justice investigation into Petrobras, the giant oil company that represents alone one tenth of all investments in Brazil, according to some estimates?

Nov 25, 2014

Hefty government spending ends Brazil’s recession, for now

BRASILIA (Reuters) – Brazil probably escaped recession in the third quarter due to higher government spending, a Reuters poll showed on Tuesday, suggesting the economy is particularly vulnerable to potential budget cuts currently in the works.

Data due out on Friday will likely show Brazil’s gross domestic product BRGDP=ECI grew by a seasonally adjusted 0.3 percent from July through September from the previous three months, according to the median forecast of 36 economists.

Nov 24, 2014
Nov 21, 2014
Nov 21, 2014
Nov 19, 2014
    • About Silvio

      "Silvio Cascione is a Reuters economics correspondent in Brasilia, covering through market polls and economic data the sharp slowdown of Brazil's economy over the past few years. He also leads polling across Latin America on several issues such as regional growth prospects, inflation, and foreign exchange rates."
      Joined Reuters:
      2007
      Languages:
      Portuguese, English, Spanish
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