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Jul 29, 2014
via MacroScope

Brazil’s economy: not as bad as it looked?

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Brazil’s economy may have grown by 3 percent in 2012, three times as much as originally reported, according to an ongoing review of GDP data that could solve one of the biggest economic puzzles since the global financial crisis.

If accurate, estimates from local consultancy LCA would help explain why unemployment remained so low and consumer prices failed to ease when Latin America’s economy looked so weak.

Jul 24, 2014

Brazil central bank rules out interest rate cut for now

BRASILIA, July 24 (Reuters) – Brazil’s central bank signaled
on Thursday it is unlikely to cut interest rates any time soon
and instead is focused on curbing naggingly high inflation even
as the economy flirts with recession.

In the minutes of its last policy meeting, the bank stressed
that interest rates at current levels should help ease inflation
in coming years. The comments quashed market speculation that a
rate cut could be on the horizon, sending interest-rate futures
higher.

Jul 16, 2014

Brazil’s retail sales rise unexpectedly in May

BRASILIA, July 16 (Reuters) – May retail sales in Brazil
rose at the fastest pace in six months as the soccer World Cup
helped to boost sales of television sets, government data showed
on Wednesday.

Retail sales volumes in Brazil rose 0.5 percent in May from
April, the strongest increase since November 2013,
statistics agency IBGE said.

Jun 26, 2014

Brazil’s low growth to help tame inflation -central bank

BRASILIA, June 26 (Reuters) – Brazil’s inflation will start
to subside next year after economic growth slows further, the
central bank said on Thursday, reinforcing expectations that it
will not raise interest rates in the near future.

In its quarterly inflation report issued on Thursday, the
bank lowered its 2014 economic growth forecast to 1.6 percent
from 2 percent previously, faltering from 2.5 percent growth
last year.

Jun 16, 2014
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    • 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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