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 ...

Bithumb Hacked, $32m in Cryptocurrency Stolen
Cryptocurrencies dropped after the second South Korean...
South Africa GDP Shrinks
South African gross domestic product shrank 2.2% in the first...
Washington in March imposed tariffs of 25% on steel and 10% on aluminum, in a move mainly aimed at curbing imports from China.
Russia said on Tuesday it would impose import duties on US...
Saudi Arabia, which employs about two-thirds of its citizens, is chipping away at a budget deficit that ballooned to almost 16% of GDP after the oil shock of 2014, while FDI slumped more than 80% last year.
Show up, swipe in. The routine is familiar to office workers...
Taxes in Italy Drive Economy Underground
Italy grew rapidly over the 20th century, and its black market...
European businesses say it has become harder to do  business in China over the past year.
European companies complain they still face a tough business...
Australian Telecom Co. to Axe 8,000 Jobs
Australia’s dominant telecommunications company Telstra...
South Korea to Grow 3 Percent
The Organization for Economic Cooperation and Development has...

Add new comment

Read our comment policy before posting your viewpoints