BRASILIA Brazil's central bank will not sacrifice controlling inflation for boosting growth, even though policymakers are disappointed with the economy's performance this year, central bank president Roberto Campos Neto said on Thursday.
BRASILIA Brazil's government and central bank said the country's economic and fiscal health was deteriorating rapidly, as yet another economic indicator on Tuesday suggested the country may be sliding closer toward recession.
BRASILIA Brazil's government will cut its 2019 economic growth forecast to below 2% and seek supplementary funding from state-run BNDES development bank to meet current expenditure and avoid breaking its fiscal rules, Economy Ministry officials said on Tuesday.
BRASILIA/SAO PAULO, May 13 The founder of
Brazilian automaker CAOA said on Monday he is negotiating with
Chinese business executives to make a joint acquisition of a
Ford Motor Co plant near Sao Paulo.
BRASILIA, April 30 The Brazilian government's
primary deficit narrowed more than expected in March, but in
nominal terms rose as a share of gross domestic product over the
year, the central bank said on Tuesday.
BRASILIA, April 25 Brazil's Economy Ministry on
Thursday raised its projected savings from its pension reform
bill over the next decade to 1.237 trillion reais ($312
billion), well above the "minimum" 800 billion reais President
Jair Bolsonaro said he expects.
BRASILIA Brazilian markets rose on Tuesday after the path was cleared for a congressional committee vote on pension reform, a sign that the government is finally getting political backing for the most important element of its economic reform agenda.
BRASILIA Economists continue to slash their forecasts for Brazilian economic growth this year, according to a closely watched survey published on Monday, intensifying the spotlight on a key Congressional vote on pension reform later in the week.
BRASILIA, April 22 Economists continue to slash
their forecasts for Brazilian economic growth this year,
according to a closely watched survey published on Monday,
intensifying the spotlight on a key Congressional vote on
pension reform later in the week.
BRASÍLIA Brazilian President Jair Bolsonaro's resistance to the privatization of the national postal office has been broken, a senior government source told Reuters on Friday asking for anonymity because the matter remains private.