Mar

5

 I wonder if the Olympics will lift spirits. Is it time to raise a selective cane or two?

1.

The last time Brazil had back-to-back years of recession was 1930 and 1931, and has never had one as deep as that forecast for 2015 and 2016 combined, according to data from national economic research institute IPEA that dates back to 1901.


2.

Brazil is on course for worst recession in century.

"The country of 204 million people was only recently being touted as the emerging markets giant that had finally found its feet — with the Olympic Games due to take place in Rio this August symbolizing that new status." and ' "Brazil has never had such a high level of uncertainty and this is freezing everything up. There is no consumption or investment or credit with this historic level of uncertainty," Daniel Cunha, an analyst at XP Investimentos in Sao Paulo, said.'


Comments

Name

Email

Website

Speak your mind

Archives

Resources & Links

Search