Brazil Economic Outlook
April 19, 2016Brazil entered the deepest recession in over two decades last year as high inflation, abysmal confidence levels and low prices for exports rocked the economy. At the outset of 2016, the recession shows no sign of abating. Industrial production tallied the largest drop since December 2013 in February and consumer confidence fell in March. Moreover, political noise is drawing the government’s focus away from much-needed fiscal adjustments and economic reforms—interfering with a potential recovery. After days of intense debate, the lower house of Congress voted to move forward with impeachment proceedings against President Dilma Rousseff on 17 April. The impeachment hearing will now move to the Senate and if a majority of senators vote to continue with the proceedings, Rousseff will have to step down for a maximum of 180 days while the trial continues.
Brazil Economy Data
5 years of Brazil economic forecasts for more than 30 economic indicators.
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|Bond Yield||12.82||0.20 %||Apr 26|
|Exchange Rate||3.53||-0.73 %||Apr 26|
|Stock Market||53,083||2.35 %||Apr 26|
Brazil Economic Growth
April 19, 2016The recession is expected to continue throughout this year as political uncertainty impedes an improvement in confidence levels and reform implementation. FocusEconomics panelists see the economy contracting 3.5% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel sees the economy recovering slightly and growing 0.7%.
Brazil Economic News
April 26, 2016
In April, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) fell a seasonally-adjusted 4.0% over the previous month, which followed the 2.0% decrease recorded in March.
April 20, 2016
In March, the current account balance registered a deficit of USD 855 million, which was a notable improvement from the USD 5.8 billion deficit recorded in the same month last year.
April 19, 2016
President Dilma Rousseff came one step closer to being removed from office on 17 April after the lower house of Congress voted to move forward impeachment proceedings, thus continuing the political saga that has gripped Brazil in recent weeks.
April 14, 2016
In March, the consumer confidence index published by the Getulio Vargas Foundation (FGV, Fundaçao Getulio Vargas) fell a seasonally-adjusted 2.0% over the previous month, which contrasted the 3.2% increase recorded in February.
April 13, 2016
Retail sales (excluding cars and construction) returned to growth in February, expanding 1.2% over the previous month in seasonally-adjusted terms.