Brazil Economic Outlook
May 16, 2017Efforts to analyze Brazil’s economic momentum have been complicated by frequent revisions in incoming data by the Statistical Institute due to a change in the base year of comparison. Although incoming data continues to suggest the economy is showing overall signs of improvement, recent data has been mixed and the road to recovery will be long given the severity of the recession. The economic activity index grew at a multi-year high in February, while industrial production fell sharply in March and retail sales plummeted in the same month. President Michel Temer’s proposal to reform the country’s costly social security system cleared one hurdle on 3 May, when it was approved by a lower house committee. Although the reform is vital to help correct fiscal imbalances, it is deeply unpopular among voters and has led to large-scale protests. The reform still needs to clear a number of votes to be passed, which may prove too much of a challenge with an election looming in 2018.
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||11.04||-3.07 %||May 24|
|Exchange Rate||3.28||0.24 %||May 24|
|Stock Market||63,257||0.95 %||May 24|
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Brazil Economic Growth
May 16, 2017A gradually improving business environment, higher commodity prices and an improved global backdrop should allow the economy to exit the worst recession in modern history this year. However, growth will be moderate as high unemployment dents household spending. Analysts see GDP expanding a meagre 0.6% in 2017, which is up 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
May 23, 2017
Brazil’s current account balance recorded a second surplus in a row in April, coming in at USD 1.2 billion.
May 18, 2017
Political chaos is engulfing the Brazilian economy once again, after local newspaper O Globo reported that President Michel Temer was recorded discussing and approving illegal bribes to jailed politician Eduardo Cunha.
May 11, 2017
Retail sales (excluding cars and construction) in Brazil plummeted in March, falling at the sharpest pace in over two years.
May 10, 2017
Brazilian consumer prices in April increased 0.14% over the previous month, which was below March’s 0.25% rise.
May 5, 2017
In March, industrial production plunged 1.8% from the previous month in seasonally-adjusted terms, which was worse than February’s revised flat growth (previously reported: +0.1% month-on-month).