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Brazil economy outshines Mexico after surprise role reversal

Brazil’s pandemic response has been to spend heavily while Mexico has done the opposite and is in a deep slump. The divergence between Latin America’s two largest economies, Brazil and Mexico, is widening as the region’s most prominent left- and right-wing leaders adopt stridently different fiscal responses to the COVID-19 pandemic. Their approaches, however, are not what would be expected – and investors are adapting accordingly. The right-wing administration of President Jair Bolsonaro…

Bolsonaro’s popularity jumps as Brazil economy improves and crime drops

Brazilian President Jair Bolsonaro’s approval rating has surged, thanks to an improving economy and his government’s efforts to fight corruption and make Brazil’s cities safer, according to a poll released on Wednesday. The CNT/MDA poll showed Brazilians are more worried about the economy, jobs and public security than controversies that surround Bolsonaro, who had to fire his culture secretary last week for copying Nazi propaganda chief Goebbels in a speech. Reversing a steady decline in popularity in…

Brazil celebrates: 0.6% expansion in the third quarter: rebound of agriculture and industry

Brazil’s economy expanded in the third quarter at its fastest pace since early last year, official data showed on Tuesday, with 0.6% growth over the previous quarter driven by a strong performance in agriculture and a sharp rebound in the industry. Upward revisions to previous figures for the first two quarters this year meant that the economy no longer contracted in the January-March period, and so steered clearer of recession than had previously been thought. Latin America’s largest economy expanded…

Brazil approves pensions’ reform: markets soar and stocks hit an all-time​ high

Brazil’s Senate on Tuesday gave final approval to a landmark reform of the country’s social security system, in a step seen as key to stabilizing public finances and the economy. The text was approved by a vote of 60-19. Earlier in the day the Senate Constitutional and Legal Affairs Committee approved the text of a pension reform bill, while Brazilian markets rallied and stocks hit an all-time high as the government’s key policy this year to revive flagging economic growth was achieved. Pension…

At last,​ the Brazilian economy rebounds spurred by construction and industrial production

Brazil’s economy rebounded strongly in the second quarter after having shrunk in the first, official figures showed on Thursday, indicating Latin America’s largest economy comfortably avoided falling back into recession. The 0.4% growth in the April-June period will be a relief to President Jair Bolsonaro’s government, which was in large part elected to revive an economy that was struggling to fully emerge from the devastating 2015-16 recession.  But economists were not convinced that the factors…

Positive signs Brazils economy is recovering with Auto production in Brazil up 14.2% in July from a month early

Automobile production in Brazil jumped 14.2% and sales grew 9.1% in July from June, the best performance for the month since 2014, the national automakers’ association Anfavea said on Tuesday. Brazil’s auto industry is recovering from a crushing depression that cost the country its place as one of the world’s five biggest auto markets, even as automakers are still struggling with low margins. Auto exports to depressed Argentina, Brazil’s largest foreign destination for its cars, are down 38.4% so far…

Brazil flirts with a double-dip recession

Brazil’s economy shrank in the first quarter for the first time since 2016, data showed on Thursday, pushing Latin America’s largest economy closer to a double-dip recession. Optimism that President Jair Bolsonaro would quickly unlock Brazil’s growth potential faces the reality of lengthy negotiations between Congress and his inexperienced administration. The former military officer was swept into office in January after making market-friendly pledges to boost growth and after the brutal…

Brazil grows as an agricultural powerhouse

A good relationship by farmers with the new government of Jair Bolsonaro which focuses on business plus a strong commitment to the incorporation of technology to improve agricultural results should make for a happy relationship. These factors point to what is happening today in Brazilian agriculture and could be felt in all its influence during Agrishow, a sample of its agricultural machinery options are this last week in Ribeirao Preto, which is located just 300 kilometres from San Pablo. A distance where…

Brazilian farmer optimism high with increasing soybean prices and cheap credit

Farm equipment manufacturers in Brazil are expecting strong sales this year, boosted by a second straight bumper soy crop and rising grain prices, which will more than offset weakness in the sugar cane sector, giving Brazilian grain farmers a new found optimism. Some machinery producers are forecasting sales growth as high as 8% in 2018 as farmers’ confidence rises and record-low interest rates encourage them to borrow and invest. “In the end, it all comes down to the price of soybeans. If that is good,…

20 years of Progress in Latin America Countries meant some are catching up with the rest of the world

20 years of Progress in Latin America Countries                   The 20-years view: Two decades of progress over the last two decades, Latin America has made significant progress in bridging the economic and social gap with more advanced economies. there has been significant improvement in living standards. 20 years ago, latin american countries were approximately somewhere in the middle on the United nations’ human Development index, whereas today the region…

Brazil to be among top destinations of foreign investment

Brazil will be one of the main destinations of foreign investment next year, a study released Wednesday by the country’s Institute of Applied Economic Research (IPEA) said. According to the International Perception of Brazil Monitor study, the indicator that measures the likelihood of Brazil receiving foreign investment rose from 35 points in May to 43 points in August. Seventy per cent of interviewees worldwide consider Brazil one of the top five destinations for foreign investment, up from 56 per cent…
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