Tag: economy

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

by Silvio Ramirez 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… Read More Brazil Enters a Recession and Officials are Divided Over How to Resolve It

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From National Pride to International Take-Down

by Marcus Vinicius Tenente Ahmar 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… Read More From National Pride to International Take-Down

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Will Dilma Rousseff be able to foster foreign direct investment to save the fiscal package and resume economic growth?

by Cassiano Alves and Leticia Corrêa On June 28th, President Dilma Rousseff landed in the United States for an official visit, leaving behind an economy in imminent recession and a country in political crisis after the corruption scandal involving state-owned oil company Petrobras. Speculation over Mrs. Rousseff’s impeachment resurfaced after a national magazine reported that… Read More Will Dilma Rousseff be able to foster foreign direct investment to save the fiscal package and resume economic growth?

Brazil Talk

New Infographic Series on the Economic and Political Situation in Brazil

Brazil is in crisis. The economy shrank 0.2 percent in the first quarter, and the forecast is for negative growth of 1.2 percent this year. Unemployment rate reached 6.4 percent in April, its highest level in four years. There is also pessimism on consumer prices, raising the 2015 inflation forecast from 7.93 percent to 8.12… Read More New Infographic Series on the Economic and Political Situation in Brazil

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