The Economic Uncertainty Indicator (IIE-Br) rose 0.5 point from May to June this year, reaching 116.4 points, as reported today (30) by Fundação Getulio Vargas (FGV). This Indicator is composed of two components: the IIE-Br Mídia, based on information collected… Read More »Economic uncertainty indicator rises 0.5 point in June
Daniella Marques Consentino, special secretary for Productivity and Competitiveness at Brazil’s Ministry of Economy, has been appointed as the new CEO of Brazil’s state-owned bank Caixa Econômica Federal. She comes to replace Pedro Guimarães, who made his resignation official yesterday.… Read More »New CEO of Brazil state lender Caixa appointed
Occupation data released today (30) by the Brazilian Institute of Geography and Statistics (IBGE) show continued recovery of the job market. The institute points out that the unemployment rate was 9.8% in the moving quarter ended in May. In absolute… Read More »Brazil registers fall in unemployment in May 2022
Brazil’s Economy Minister Paulo Guedes said today (Jun 28) that, faced with a global scenario marked by slow activity and recession, Brazil should move in the opposite direction, with a growth near two percent in 2022 and three to four… Read More »Brazil to grow 3% to 4% in coming years, economy minister says
In May this year, Brazil recorded a balance of 277,018 new formal jobs. Last month, formal admissions stood at 1,960,960, compared to 1,683,942 layoffs, as per the New CAGED (General Registry of the Employed and Unemployed), released today (Jun 28)… Read More »Brazil has 277 thousand new formal jobs in May
The president of Brazil’s Central Bank, Roberto Campos Neto, said today (27) that “the worst moment of inflation is over,” and that, as a result of Brazil’s history of high inflation rates, the Brazilian monetary authority was able to “come… Read More »Worst of inflation is over, Brazil Central Bank president says
Brazil’s Central Bank has projected a 1.7 percent increase in the country’s gross domestic product (GDP) in 2022. The previous forecast, from March, had been one percent. The revision was unveiled today (Jun 23) by Central Bank Economic Policy Director… Read More »Central Bank: Brazil GDP to grow 1.7% in 2022
The National Monetary Council (CMN), of Brazil’s Central Bank, has set the inflation target for 2025 at three percent, with a tolerance of 1.5 percentage points up or down. The announcement was made Thursday (Jun 23) by the Ministry of… Read More »Brazil Central Bank sets 2025 inflation target at 3%
Brazil’s President Jair Bolsonaro on Thursday (Jun 16) announced another reduction in import taxes. On his social media, Bolsonaro wrote that the change will apply to video games, consoles, and their accessories. On July 1, the rate for console parts… Read More »Bolsonaro unveils new tax cuts for games
Amid the impact of the war in Ukraine on the global economy, Brazil’s Central Bank (BC) continued to tighten monetary policy belts. Its Monetary Policy Committee (COPOM) unanimously decided to raise the country’s benchmark interest rate, the Selic, from 12.75… Read More »Brazil benchmark interest raised to 13.25% a year