Tagged: Brazil’s economy

Brazil remains mired in a deep recession

The government of President Michel Temer plans to free budget spending in real terms for 20 years to plug a gaping budget deficit and haul Latin America’s largest economy out of its worst recession...

Brazil’s credit rating cut to junk status

Standard & Poor’s, the rating agency, cut Brazil’s cherished investment-grade credit rating back to junk on September 9th. The decision came as a blow to President Dilma Rousseff and her American-educated finance minister Joaquim...

Brazil falls into recession

Brazil officially slipped into recession as the economy contracted 1.9 per cent in the second quarter from the previous three-month period, according to figures published by IBGE, the national statistics agency. That was the biggest...