Another Monday, another gloomy outlook from the Brazilian central bank’s weekly survey of market economists. GDP growth this year is seen at just 1.64 per cent, down from 1.73 per cent predicted last week and 1.85 per cent four weeks ago (and 4 per cent targeted by the government).
That is a fast adjustment. But hardly surprising. As the puff goes out of commodity prices and domestic consumption, the seriousness of Brazil’s failure to improve productivity is becoming increasingly apparent.
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Economia
Brazil’s productivity failure: hurting
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Economia
Baixa produtividade - problema fundamental da economia brasileira
Brazil’s productivity failure: hurting
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- From Bernanke With Love
Esta é uma carta fictícia do Bernanke para o Mantega, aparentemente publicada no FT. Tem um erro (fica para vocês apontarem). Já o resto é verdade. Currency wars Published: January 11 2011 15:12 Dear Mr Mantega, Being frustrated politicians ourselves,...
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Brazil: the myth of the inflation target Samantha Pearson Officially, the Brazilian central bank’s annual inflation target has been 4.5 per cent ever since 2005. However, in reality, inflation data show Brazil has actually been working with a target...
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Brazil’s growth story: not a happy one May 7, 2014 2:51pmby Jonathan Wheatley inShare25 6 It had, it turns out, been too good to be true. After a positive start to the year, Brazil’s industrial production fell by 0.5 per cent in March...
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