Brazil’s industrial output rose in July, countering a trend of declines seen in the previous five months. The IBGE statistics institute reported industrial production rose by 0.7% during the month, but was still 3.6% lower than the same month a year earlier. Capital goods production rose 16.7% from the previous month, but fell 6.4% from…
Candidates Focus Debate On Economy; Rousseff Defends Policies
by BCR Staff •
Leading presidential challengers took turns focusing attacks on the country’s recent economic performance in a second televised presidential debate Monday, leaving incumbent President Dilma Rousseff alone to defend the government’s policies. Top challengers Marina Silva and Aécio Neves questioned the effectiveness of the Rousseff administration in the face of recent poor economic data, causing the president to re-iterate the government’s claim that…
Poll: Marina Silva Takes 10-Point Lead For Runoff
by BCR Staff •
Brazilian opposition presidential challenger Marina Silva would tie incumbent president Dilma Rousseff in a a first round vote and win by at least 10 percentage points in a runoff, according to a poll released Friday by the Datafolha opinion research institute. The poll showed the two candidates with support from 34% of respondents in a…
GDP Shrinks In 2Q, Putting Economy Into Recession
by BCR Staff •
Brazil’s gross domestic product contracted by 0.6% in the second quarter of the year, putting the country’s economy into a recession, the IBGE statistics institute reported Friday. In absolute terms, the country’s GDP totaled 1.27 trillion Brazilian reais. The IBGE said the economy shrank by 0.9% versus the second quarter of 2013. The decline of…
Opposition Candidate Neves Wants Fraga As Finance Minister
by BCR Staff •
Brazilian opposition presidential candidate Aecio Neves if elected would name former central bank president Arminio Fraga to lead the country’s finance ministry, the candidate said during a televised debate. Speaking during a debate on Brazil’s Band television network, Mr. Neves called Mr. Fraga one of the “most respected economists in the world” and said he would help…
Brazil’s Population Reaches 202 Million — IBGE
by BCR Staff •
Brazil’s population has reached 202 million according to the latest IBGE census institute estimate, up 0.8% from the figure released last year. The census report released Thursday said the country’s population rose by 1.7 million from last year, when it surpassed the 200 million mark for the first time. According to the latest figures, São…
