Brazil Economic Outlook
March 14, 2017The dynamics of Latin America’s largest economy are bleak. The economy failed to make significant gains in the fourth quarter of last year and GDP recorded another steep contraction, holding the country in its worst recession on record. High unemployment, austerity measures and tight monetary policy are hampering a recovery and data for the first quarter of 2017 point to muted gains. Industrial output shrank in January and business confidence fell in February, while consumer confidence and the manufacturing PMI both improved in the same month. In a bid to support the economy, the government launched an infrastructure concession program this month that seeks to kick-start investment for infrastructure. The program will begin on 16 March with auctions for a number of the country’s airports and hopes to raise over USD 14 billion in new investments.
Brazil Economy Data
5 years of Brazil economic forecasts for more than 30 economic indicators.
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|Bond Yield||10.23||1.29 %||Mar 28|
|Exchange Rate||3.14||0.47 %||Mar 28|
|Stock Market||64,640||0.52 %||Mar 28|
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Brazil Economic Growth
March 14, 2017GDP is poised to return to growth this year thanks to lower inflation, improved confidence and a less-tight monetary policy. However, the improvement will be marginal due to high unemployment and austerity measures and political noise remains a risk to the outlook. Analysts see GDP growth at 0.6% in 2017, which is unchanged from last month’s forecast. The recovery is seen gaining speed in 2018 and GDP should increase 2.3%.
Brazil Economic News
March 24, 2017
Brazil’s current account balance improved in February, registering a shortfall of USD 935 million, compared to the USD 1.9 billion deficit recorded in the same month of 2016.
March 10, 2017
Brazilian consumer prices in February increased 0.33% over the previous month, which was below January’s 0.38% rise and undershot the 0.43% figure analysts had expected.
March 8, 2017
The perfect storm of high unemployment, tight credit conditions and political turmoil held Latin America’s largest economy in the deepest recession on record last year.
March 8, 2017
In January, industrial production in Brazil fell 0.1% from the previous month in seasonally-adjusted terms, contrasting December’s revised 2.4% increase (previously reported: +2.3% month-on-month).
March 2, 2017
After starting the year on a low note, in February the Markit manufacturing Purchasing Managers’ Index (PMI) rose to the highest level since January 2016.