Brazilian Economy Minister Paulo Guedes said on Friday that the country's gross domestic product is likely to grow in 2022 as he expects investments to reach 20% of GDP next year. "Growth is inevitable, Brazil will grow," Guedes said during an online event.
Industrial production in Brazil fell 0.6% in October from September, government statistics agency IBGE said on Friday, marking a fifth consecutive monthly decrease. The drop surprised analysts who had expected a 0.6% rise for output in Latin America's largest economy, according to the median estimate in a Reuters poll.
Most Latin American currencies firmed on
Thursday, although sentiment remained fragile on uncertainty
over the Omicron coronavirus variant, and as economic worries
rose with data showing Brazil sank ...
Latin American currencies recovered from
more than one-year lows on Thursday, although sentiment remained
fragile after data showed Brazil sank into a recession in the
third quarter, and uncertainty ...
SÃO PAULO--Brazil's economy shrank in the third quarter from the previous three months, the second consecutive contraction, after a drought hit agricultural production and outweighed growth in the service sector. Gross domestic product expanded three quarters in a row starting from the third quarter of last year, rebounding from the worst period of the coronavirus pandemic, but Brazil's economy is now struggling to grow amid rapidly rising prices and the logistics...
SÃO PAULO--Brazil's economy shrank in the third quarter from the previous three months as a drought hit agricultural production, outweighing growth in the service sector. Gross domestic product contracted by 0.1% in the three months through September compared with the second quarter of 2021, and expanded 3.9% from the third quarter of 2020, the Brazilian Institute of Geography and Statistics, or IBGE, said Thursday. In the second quarter, GDP shrank by a revised 0.4% from the...
Brazil's economy contracted slightly in the three months to September, government data showed on Thursday, as surging inflation and a severe drought triggered a recession in Latin America's largest economy. The 0.1% decline in Brazil's gross domestic product in the third quarter, reported by official statistics agency IBGE, was below a median forecast for zero growth in a Reuters poll.
SAO PAULO--Brazil's trade balance swung to a deficit in November from a surplus the previous month as exports declined and imports increased, the country's economy ministry said Wednesday. The country recorded a deficit of $1.3 billion in November, after a surplus of $2.0 billion in October. Brazilian exports fell to $20.3 billion last month, from $22.5 billion in October, while imports increased to $21.6 billion in November from $20.5 billion a month earlier.
Brazil posted a trade deficit in November of $1.3 billion, according to data released by the nation's Economy Ministry on Wednesday, slightly larger than the $1.2 billion deficit forecasted in a Reuters poll of analysts. Exports totaled $20.3 billion during the period, while imports totaled $21.6 billion, according to the data.
Brazilian Economy Minister Paulo Guedes said on Wednesday that state-run oil company Petrobras should be privatized before it becomes irrelevant and oil loses value, suggesting the government could use the sale proceeds to reduce poverty.
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