Brazil Economic Outlook
September 12, 2018
GDP data confirmed that the recovery stuttered in the second quarter of the year, weighed on by economic disruptions from the truckers’ strike. Exports plunged due to transit disruptions, while household spending also slid in Q2, likely weighed on by deteriorating sentiment and a spike in inflation. More recent data for the third quarter continued to be downbeat, suggesting that a strong recovery has yet to materialize after the worst recession in the country’s modern history. Business and consumer confidence both fell in August amid a tense and uncertain political backdrop, and industrial production contracted in July. Moreover, the real plunged in recent weeks, boding poorly for inflationary pressures. Against a challenging economic backdrop, the country will head to the polls on 7 October in presidential and legislative elections. The battle for president remains crowded with a second-round vote nearly guaranteed. A centrist and reform-minded president is badly needed to navigate Brazil’s congress to pass tough reforms; however, Geraldo Alckmin, so far the most market-friendly candidate, is polling in fifth place.Brazil Economic Growth
Brazil’s prospects were downgraded for the fourth month in a row following a modest Q2 GDP outturn. In addition, a less supportive global backdrop and the weakening of the real cloud the country’s outlook. A market-friendly outcome to the election remains crucial to ensuring a sustainable recovery. FocusEconomics panelists now see the economy growing 1.6% this year, down 0.1 percentage points from last month’s forecast. Next year, GDP is seen growing 2.5%.Brazil Economy Data
Sample Report
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
Brazil Facts
| Value | Change | Date | |
|---|---|---|---|
| Bond Yield | 11.98 | -0.82 % | Sep 20 |
| Exchange Rate | 4.08 | -0.13 % | Sep 20 |
| Stock Market | 78,116 | -0.40 % | Sep 20 |
Start Your Free Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.
Brazil Economic News
Brazil: Central Bank holds SELIC rate at 6.50% but warns downside risks have increased
September 20, 2018
At its 18–19 September meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Politica Monetaria, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%.
Brazil: Wide open electoral race clouds economic outlook
September 7, 2018
Despite being less than a month away, Brazil’s 7 October elections remain highly uncertain, with several candidates possible contenders for the presidency.
Brazil: Inflation eases in August
September 6, 2018
Consumer prices fell 0.09% in August over the previous month, contrasting July’s 0.33% rise and marking the first drop in over a year.
Brazil: Industrial production swings to contraction in July
September 5, 2018
Industrial production swung to contraction in July, after recording the largest expansion in over a decade in June as the economy returned to normal following a truckers’ strike.
Brazil: Manufacturing PMI rises further into expansionary territory in August
September 4, 2018
Conditions in Brazil’s manufacturing sector improved in August.
© Copyright: 2018 | Brazil Economy | Privacy Policy | Cookies Policy | Terms & Conditions | Sitemap | RSS feed ...
