Brazilian Agricultural Exports Grow by 17.5% in 2020. China is the main destination
Brazilian agricultural exports grew by 17.5% in the first four months of 2020, compared to the same period last year. Asian market now represents 47.7% of total exports, according to the Brazilian goverment. Despite the pandemic of the new coronavirus, the share of agribusiness in total exports went from 18.7% in 2019 to 22.9% in 2020. There was an increase in exports to Asia, especially China. The data released by the Ministry of Economy showed that in April of this year, Brazilian exports…
Brazil’s economy could recover in the fourth quarter, says, central bank president
Brazil’s central bank president Roberto Campos Neto said on Saturday that Latin America’s largest economy will begin to recover from the coronavirus crisis in the fourth quarter, according to an interview in local media. Brazil has more coronavirus cases than any other country in Latin America. On Saturday, the health ministry said the number of confirmed cases rose by 2,917 to 36,599. Deaths rose by 206 to 2,347, the ministry said. “I think the last quarter will show improvement,” he said in the interview…
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’s new President Jair Bolsonaro takes over
On January 1, the newly elected president of Brazil will take office with his chosen group of ministers, officially ending 16 years of left-wing government by the PT (Workers’ Party). Undoubtedly, there will be radical changes. This huge country (larger than Australia but a whole lot greener) has great natural resources – reflected in the naming of one of its largest states “General Mines” – and is a successful exporter in everything from soya beans and coffee to vehicles, commercial aircraft,…
Brazilian farmers in Mato Grosso satisfied with the soybean planting progress
Brazil’s Mato Grosso farmers are happy about their soybean planting progress this year, as they have finished sowing almost 90% of their soybean acres and are expecting an early harvest at the end of December. “The weather is so good this year, as rain comes to the state early and keeps going on almost every day,” said Daniel Latorraca Ferreira, director of the Institute of Economics and Agricultural Mato Grosso, (IMAE). “This good weather will help the crop development, and we will be able to start…
Brazils debt crisis hits the private sector
Brazils debt crisis has hit the private sector. Brazilian companies are now so seriously indebted with their revenue falling, because of a serious economic recession, that some might call a depression, that they have lost the ability to honor their commitments. Almost half (49%) of the larger companies in the country have cash generation that is not even enough to pay their interest debts which is a serious scenario, explaining the large increase in defaults, renegotiations with creditors and an escalation…
Disaster looms for Latin America’s biggest economy Brazil
AT THE start of 2016 Brazil which is Latin America’s biggest economy should be in an exuberant mood but instead disaster looms. Rio de Janeiro is to host South America’s first Olympic games in August, giving Brazilians a chance to embark on what they do best: throwing a really spectacular party. Instead, Brazil faces political and economic disaster. On December 16th Fitch became the second of the three big credit-rating agencies to downgrade Brazil’s debt to junk status. Days later Joaquim Levy, the…
💉 Brazil’s economy is a disaster
From a wonder economy a few years ago Brazils current populist government is now dragging the new middle class back into poverty. Endless corruption scandals at the highest levels have frightened off existing and potential investors leaving the country with few options to recover. Few world leaders have gone to the Paris climate talks for a break. President Dilma Rousseff may be an exception. Two in three Brazilians think her government is doing a bad job. That’s the good news: in August even more did.…
