Blog posts tagged by tag: Brazil
The Latin American economy is expected to recover modestly in 2017, though the outlook is plagued with risks that are causing a downward bias in analysts’ growth forecasts, according to FocusEconomics’ latest survey of 150 leading economic institutions.
Economists forecast Latin America’s GDP to increase 1.6% in 2017, which has been revised down from the 1.8% projected last month. Economic data was stubbornly weak across the region in 2016 and growing uncertainty surrounding the global outlook in the aftermath of Donald Trump’s victory is weighing on sentiment, fueling concerns over the trajectory of the recovery in 2018.
Click on the image to open a larger version
The Brazilian economy remains stuck in the worst recession in modern history and GDP is expected to contract a sharp 3.2% in 2016. While signs of stabilization have begun to emerge and the recession is abating, the FocusEconomics panel sees only a tepid recovery next year, with growth of 1.0%. Against this backdrop, we spoke with one of our panel members Chief Economist José Francisco from Banco Fator about the recent developments in the Brazilian economy and what he expects for 2017.
It has not been a great start to 2016 for emerging markets. Collapsing oil prices have undermined Russia’s fiscal sustainability, Brazil is struggling through a deep recession and political chaos, and the Chinese economy continues to slow, hurting growth prospects in other developing countries.
According to FocusEconomics’ Consensus Forecast, emerging economies as a whole are estimated to have grown 4.0% in 2015 and are projected to grow 4.0% combined this year. Although growth rates in general continue to be faster than those of developed economies, according to the IMF’s latest World Economic Outlook report, they remain below the average of the past decade.
What’s in store for emerging markets for the rest of 2016? Have a look at our latest Consensus Forecasts and find out what the experts say about the key emerging economies this year.
Click the button to embed & share
Click the infographic to open a full-sized version
Brazil’s growth forecast for 2015 has followed an uninterrupted downward trend this year, dragged down by political turmoil and poor economic data. In January, analysts surveyed by FocusEconomics expected that the economy would grow in 2015, forecasting a 0.5% expansion. This forecast was largely on the back of less weak economic data emerging from the country and relative optimism that things would improve in 2015.
2014 was a tough year for Brazil politically and economically -- the country just managed to cross the finish line at the end of the year with positive growth. However, six months on Latin America’s largest economy appears to be stagnating. In March of this year, industrial production continued its downward spiral from the previous month and shortly thereafter in April manufacturing PMI followed suit plunging to a four-year low. To combat the effects of their floundering economy, Brazil’s government has focused on fiscal austerity and boosting business confidence.
[INFOGRAPHIC] Latin America continues economic downslide as Argentina, Brazil & Venezuela confront internal crises
Latin America’s growth will be even lower this year than 2014’s lackluster estimate. In fact, our panel of analysts slashed their projections on weaker economic activity in key regional players.
How does the IMF’s latest quarterly global outlook compare to forecasts from over 30 of the world’s leading economists?
The World Bank just released its updated World Economic Ooutlook. We compared the IMF forecasts for 10 countries including, the USA, Russia, Japan, India, China and Brazil, to our own Consensus Forecasts from our panels of 30+ economic institutions. See how the forecasts stack up in our interactive infographic: http://bit.ly/1wnASjo
TagsUSA Exchange Rate Ukraine Venezuela Euro Area Spain Brexit Sub-Saharan Africa G7 Asia Colombia MENA Iran India Energy Commodities Precious Metals Commodities Greece precious metals Panelists Unemployment rate World Bank Trade Forex Mexico Company News Agricultural Commodities Fed Vietnam Turkey Housing Market Eastern Europe Infographic Brazil Financial Sector Industrial Metals Commodities Consensus Forecast Germany Russia South Africa Inflation Nordic Economies Major Economies European Union Italy Commodities OPEC Gold Emerging Markets oil prices Canada Argentina Portugal Africa Latin America Tunisia Economic Growth (GDP) IMF China Oil United States Banking Sector Base Metals Commodities Japan Investment UK Australia France
6 hours ago
1 day ago
1 day ago
1 day ago
1 day ago
- Predictions & Estimates from Economist Daniel Lacalle
- What economy will the new Dutch government inherit?
- “The data is not a true reflection of reality in India” Interview with Société Générale India Economist
- 2017 & 2018 Economic Outlook for the Top Oil Producing Countries
- Which countries will have the highest and lowest inflation in 2017?
- What are the prospects for Emerging Economies in 2017?
- What to expect in Asia for 2017
- Top Economics & Finance Blogs of 2017
- Latam to Resume Moderate Growth in 2017 but Important Risks Plague Outlook
- 4 Key European Elections That Will Impact the Economy in 2017
- How are security concerns and political chaos affecting Turkey’s economy?
- Global growth to edge up in 2017
- Set to breach targets again? Debt and deficit outlooks for Southern European Eurozone countries in 2016 & 2017
- What does Donald Trump mean for the U.S. economy?
- How will emerging markets perform in 2017?
- The economic impact of a break in U.S.-Philippines ties
- Trump election: Base metals surge due to infrastructure plan
- 5 updates on the Venezuelan economic crisis
- Canada: When your neighbor’s house is on fire…
- Short-term pain before long-term gain? A look at French labor reform and economic growth
- Asia: Unremarkable growth & unfulfilled promises?
- How India's latest monsoon is affecting the economy
- Innovation in Latin America: Potential Goes Untapped Due to Weak Economic Conditions
- Russian economy update in wake of OPEC deal announcement
- The Wisdom of the Crowds and the Consensus Forecast
- Can the peso predict the U.S. election results?
- There's no end in sight to the Venezuela crisis
- A Look at the European Union Political Calendar
- Survey of international economists shows uncertainty surrounding elections damaging U.S. growth prospects
- FocusEconomics partners with leading online statistics provider Statista
- Sub-Saharan Africa's 2016 & 2017 growth rates
- China: Recent postive economic data may be papering over the cracks
- The Italian Dilemma: Weak banks pose risk to already faltering domestic demand
- How much money do migrants from Latin America send home?
- The U.S.' (Not So) Mysterious Case of the Missing Men
- What to expect from the G20 economies by 2020
- The Pain in Spain: Robust GDP growth cannot mask the persistent structural deficit
- Acting Man
- Alberto Forchielli
- Don't worry, I'm an economist
- Econometrics Beat: Dave Giles' Blog
- Economic Principals
- Edward Hugh Blog
- Financial Services (About.com)
- Kunal's thoughts
- Marc to Market
- Miles Kimball
- Morss Global Finance
- Of Markets & Men
- Owen Zidar
- Punto de Vista Economico
- The Capital Spectator
- True Economics