Economy

Economy

Brazil Talk in 90 Seconds: Economic Outlook



Brazil Talk in 90 Seconds is a series of videos, one every week, with news analysis from Brazil. This week we talk about the pessimistic economic outlook after Carnaval celebrations. GDP is expected to shrink between 3% and 4% in 2016 and inflation is projected to continue rising until the end of the year. In the meantime, Rousseff’s administration decided to postpone the announcement of spending cuts until March, raising speculations that the government is ready to reduce costs as required.

Economy, National Politics

Brazil Enters a Recession and Officials are Divided Over How to Resolve It


by Silvio Ramirez

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Brazil is South America’s largest economy, the seventh largest economy in the world, and was considered, for many years, as a favorite for investors. For the past decade, Brazil has benefited from a global commodities boom. During President Luiz Inacio Lula da Silva’s two terms in office, Brazil enjoyed rapid economic growth by capitalizing off of soaring commodities prices and a booming China willing to purchase iron ore, oil, and soya beans from Brazil. Brazil’s commodities boosted tax revenue and the Lula administration was able to create a government cash-transfer program that helped 30 million Brazilians escape poverty. As a result, consumer spending expanded. More recently, however, Brazil’s economy has started to tank due to the commodities bust and China’s sluggishly performing economy. Making matters worse, Brazilian officials are indecisive on what actions to take to enhance economic performance.

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Economy, Events

Event with Tereza Campello, Brazil’s Minister of Social Development and Fight Against Hunger


Last week, Brazil Talk participated in an event with Brazil’s Minister of Social Development and Fight Against Hunger, Tereza Campello, at Columbia University. Mrs. Campello is responsible for the leading widely recognized programs such as Fome Zero and Bolsa Família, two of the most important social policies adopted by Brazil in the last decades. Minister Campello discussed the social impacts of these policies in the last ten years. Prof. Albert Fishlow, Prof. Sidney Nakahodo (both members of Brazil Talk’s Advisory Board) and Prof. André Lara Rezende (former president of the Brazilian Development Bank – BNDES) were also present at the event.

Check out the pictures!

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Economy

From National Pride to International Take-Down


by Marcus Vinicius Tenente Ahmar

Petrobas


Although its stocks are negotiated in the international markets, Petrobras is a Brazilian oil company mostly owned by the Brazilian Treasury. The company was founded in 1953 by former president Getulio Vargas to provide the government with oil production security.[i] Oil security would assure the country’s industrial progress in a complex geopolitical environment after the Second World War.

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Economy, Foreign Policy

A new age for China in Brazil and South America?


by Luiz Pinto

China is unstoppable. Within less than a year, Beijing-led initiatives pledged to mobilize US$477 billion to enhance South-South cooperation and finance trade, infrastructure and industrial projects overseas. High-profile ventures such as the New Silk Road and BRICS-sponsored projects are likely to benefit most.

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