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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.…