Population in Brazil
Brazil - PopulationGDP data confirmed that the recovery stuttered in the second quarter of the year, weighed on by economic disruptions from the truckers’ strike. Exports plunged due to transit disruptions, while household spending also slid in Q2, likely weighed on by deteriorating sentiment and a spike in inflation. More recent data for the third quarter continued to be downbeat, suggesting that a strong recovery has yet to materialize after the worst recession in the country’s modern history. Business and consumer confidence both fell in August amid a tense and uncertain political backdrop, and industrial production contracted in July. Moreover, the real plunged in recent weeks, boding poorly for inflationary pressures. Against a challenging economic backdrop, the country will head to the polls on 7 October in presidential and legislative elections. The battle for president remains crowded with a second-round vote nearly guaranteed. A centrist and reform-minded president is badly needed to navigate Brazil’s congress to pass tough reforms; however, Geraldo Alckmin, so far the most market-friendly candidate, is polling in fifth place.
Brazil - Population Data
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||11.76||-0.82 %||Sep 24|
|Exchange Rate||4.09||-0.13 %||Sep 24|
|Stock Market||77,984||-0.11 %||Sep 24|
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September 20, 2018
At its 18–19 September meeting, the Central Bank of Brazil’s Monetary Policy Committee (Comité de Politica Monetaria, COPOM) unanimously decided to keep the benchmark SELIC interest rate at its record low of 6.50%.
September 7, 2018
Despite being less than a month away, Brazil’s 7 October elections remain highly uncertain, with several candidates possible contenders for the presidency.
September 6, 2018
Consumer prices fell 0.09% in August over the previous month, contrasting July’s 0.33% rise and marking the first drop in over a year.
September 5, 2018
Industrial production swung to contraction in July, after recording the largest expansion in over a decade in June as the economy returned to normal following a truckers’ strike.
September 4, 2018
Conditions in Brazil’s manufacturing sector improved in August.