Brazil Economic Outlook
April 11, 2017Monthly data is suggesting that the economy has turned a corner, after GDP contracted sharply in 2016. The manufacturing PMI recorded the best result in over two years in March and both business and consumer confidence rested at multi-year highs. In addition, the country logged a record USD 7.1 billion trade surplus in March, aided by strengthening commodity prices. However, dynamics are still weak, highlighted by a worsening in the labor market in February. On the political front, after a successful 2016, the Temer administration’s ambitious pension overhaul is facing significant opposition in congress. The government announced it will unveil a slimmed down version of the reform on 18 April, after surveys showed that the reform had very little congressional support ahead of general elections in 2018. Brazil has one of the world’s most generous pension systems and reform is vital to put public finances on a more sustainable path.
Brazil Economy Data
5 years of Brazil economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||10.13||0.70 %||Apr 06|
|Exchange Rate||3.14||0.72 %||Apr 06|
|Stock Market||64,223||-0.85 %||Apr 06|
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Brazil Economic Growth
April 11, 2017The economy should begin to recover from the worst recession in modern history this year on the back of lower inflation, improved confidence and less-tight monetary policy. However, growth will be marginal overall and analysts see GDP expanding a meagre 0.5% in 2017, which is down 0.1 percentage points from last month’s forecast. The recovery is seen gaining speed in 2018 and GDP should increase 2.4%.
Brazil Economic News
April 17, 2017
In February, economic activity in Brazil grew 1.3% from the previous month in seasonally-adjusted terms, according to the Central Bank’s monthly indicator for economic activity (IBC-Br, Indice de Atividade Economica do Banco Central).
April 13, 2017
Brazilian retail sales (excluding cars and construction) fell in February, contrasting market expectations of 0.4% growth.
April 13, 2017
At its 13 April meeting, the Central Bank’s Monetary Policy Committee (COPOM, Comite de Politica Monetaria) decided to cut the benchmark SELIC interest rate by 100 basis points, stepping up the pace of monetary easing from February’s meeting.
April 7, 2017
Consumer prices in March increased 0.25% over the previous month, which was below February’s 0.33% rise.
April 5, 2017
In February, Brazil's industrial production rose 0.1% from the previous month in seasonally-adjusted terms, contrasting January’s revised 0.2% contraction (previously reported: -0.1% month-on-month).