While the Olympic Games in Rio de Janeiro are about to start, Brazil is experiencing the deepest recession in its economy for over a century, with GDP already set back by 3.8% last year and presumably down 3.3% this year.
Unemployment in the quarter ended in May rose to record 11.2%, while inflation in June stood at 8.84%, despite the Selic rate of the central bank have long been at 14.25%.
Still, the latest survey carried out by the central bank of 100 local financial institutions have identified a turning point in the crisis: for the next year, the market expects a return to growth of 1%, in contrast with recent months, when the forecast was the third consecutive year of recession.
For inflation, the expectations indicate a drop to 13.25% at the end of this year and to 11% by 2017. In last January, the trend growth of prices had increased to 10.7% and that with the exception of May, since then there has been a steady slowdown.
Public accounts, however, do not bring enthusiasm: if the ratio of debt to GDP is expected to be this year to 69%, in 2017 it will still be up to 76.6%, due to a deficit currently at double digits and that to be cut austerity appears the only available recipe.
Meanwhile, the São Paulo stock exchange recorded a + 31% while the real-dollar strengthened by 22% change, demonstrating that the suspension of President Dilma Rousseff was registered as a sign of a possible change. Impeachment would therefore no longer an outcome unlikely and could come as early as later this summer.
Startups need to build a growth plan and exit path early in their life cycle to unlock the value cre
Molti investitori istituzionali stanno iniziando a prendere sempre più in considerazione anche le m
The Responsible Finance Institute (RFI) Foundation and the Swiss Arab Network organize the RFI Summi
FinLantern is glad to invite you to a “Sustainable Apero”
Presentazione di una piattaforma omnicanale per aziende con centralini, call center o contact center
Updates and news from MarketPlus
|SMI® PR||8812.67||-0,36 %|
|LYXOR DAX INAV||118.957||-0,07 %|
|FTSE MIB Index||20609.16||0,06 %|
|FTSE 100||7203.94||-0,46 %|
|CAC 40||5267.33||-0,08 %|
|S&P 500||2384.20||-0,19 %|
|NASDAQ Composite||6047.61||-0,02 %|
|HANG SENG INDEX||24615.13||-0,34 %|
|Powered by Yahoo Finance|