Brazil Recovery Hits a Bump
Brazil Recovery Hits a Bump

Brazil Recovery Hits a Bump

Brazil Recovery Hits a Bump

Economic activity in Brazil barely expanded in February after contracting the month before, central bank data showed on Monday, suggesting the recovery hit a bump in the first months of the year, Reuters reported. The central bank’s economic activity index rose 0.09% from the month before, less than the 0.15% median estimate in a Reuters survey of economists. The bank also revised the January reading to show a larger contraction of 0.65%, compared to the previously published 0.56% decline, adding to a string of weak readings on retail sales and services activity suggesting sluggish first-quarter economic growth. This highlights an uneven pickup from the deepest recession in decades, which slashed Brazil’s gross domestic product by 8% between the fourth quarter of 2014 and end-2016. It also suggests the central bank will find no resistance to cutting interest rates once again to a new record low next month, with inflation stagnated below the bottom end of its target range amid double-digit unemployment rates.


Short URL : https://goo.gl/bHEzRm
  1. https://goo.gl/nsmPLU
  • https://goo.gl/oie9nu
  • https://goo.gl/YkaVVq
  • https://goo.gl/CwdWJp
  • https://goo.gl/kuQRCQ

You can also read ...

Crisis in Madagascar as Vanilla Price Soars
Vanilla is one of the world’s most popular seasonings and an...
Profits of Thai Banks Fall
Thailand’s top four banks produced aggregate net profit of 37....
World Debt Load $164 Trillion : Debt, Protectionism Biggest Threats to Global Growth
The biggest threats to global economic growth are government...
Argentina’s Treasury Minister Nicolas Dujovne (L), accompanied by Argentina’s Central Bank Governor Federico Sturzenegger speak at a news conference after the G20 meeting on Friday.
Finance leaders from the Group of 20 major economies agreed...
Vietnam Still Facing Structural Risks
Despite the generally favorable medium-term outlook, there are...
In Emerging, Developing Countries : ILO: Over 700 Million Workers Living in Poverty
There were more than 700 million workers living in poverty in...
Euroland Progress Linked to Global Growth, Open Trade
The eurozone’s economy needs strong global growth and open...
AT&T, Verizon Under Federal Investigation
The US has opened a probe into alleged coordination by AT&...

Add new comment

Read our comment policy before posting your viewpoints