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Jamie McGeever

UPDATE 2-Brazil economy staging solid 'V-shaped' recovery, job growth strong - Guedes

29 Oct 2020

BRASILIA, Oct 29 Brazil's economy is undergoing a strong "V-shaped" recovery marked by very strong job growth, Economy Minister Paulo Guedes said on Thursday, adding he is confident Congress will continue to support the government's economic reform agenda.

Analysis: Brazil economy facing stimulus drought as monetary, fiscal taps run dry

29 Oct 2020

BRASILIA Brazil's economy goes into next year continuing its rebound from this year's pandemic-fueled slump, but risks losing steam because the window for further fiscal and monetary support is closing fast.

UPDATE 2-Brazil's central bank holds rates at 2.00%, keeps 'forward guidance' intact

29 Oct 2020

BRASILIA, Oct 28 Brazil's central bank kept its key interest rate at a record-low 2.00% on Wednesday, maintaining its "forward guidance" pledge to keep rates lower for longer and even the possibility of further easing, despite the recent rise in inflation and fiscal risks.

UPDATE 1-Brazil inflation 'totally under control,' says economy ministry's Sachsida

29 Oct 2020

BRASILIA, Oct 28 Inflation in Brazil is not a problem and the recent spike caused by rising food and fuel prices is transitory, Adolfo Sachsida, economic policy secretary at the economy ministry said on Wednesday.

UPDATE 2-Brazil Sept debt issuance jumps, 2020 borrowing already tops last year

28 Oct 2020

BRASILIA, Oct 27 Brazilian government borrowing jumped to its second highest on record in September, Treasury figures showed on Tuesday, meaning Brazil issued more debt in the first nine months of this year than the whole of last year.

UPDATE 1-Brazil govt to revise -4.7% GDP forecast for this year in early Nov

22 Oct 2020

BRASILIA, Oct 22 Brazil's government will revise its 2020 gross domestic product forecast, currently a contraction of 4.7%, early next month, special secretary at the economy ministry Waldery Rodrigues said on Thursday.

UPDATE 1-Brazil tax revenue rises in Sept as economy rebound boosts corporate taxes

22 Oct 2020

BRASILIA, Oct 21 Brazil's federal tax revenue rose to 119.8 billion reais ($21.4 billion) in September, the revenue service said on Wednesday, marking the second consecutive increase from a year ago as the recovering economy boosted corporate taxes and contributions.

Brazil to join OECD in a year, plans 'digital bank' IPO: economy minister

20 Oct 2020

BRASILIA Brazil expects to join the Organisation for Economic Cooperation and Development club of rich nations within a year, Economy Minister Paulo Guedes said on Tuesday, adding that around two-thirds of the preparatory work has already been completed.

Brazil GDP to shrink 4% this year, economy at 'inflection point': officials

19 Oct 2020

BRASILIA Brazil is at an "inflection point" where less public spending rather than more will deliver stronger economic growth, central bank president Roberto Campos Neto said on Monday, warning that fiscal concerns are harming financial conditions and investment.

UPDATE 2-Brazil retail sales hit record high in August, but momentum slowing

08 Oct 2020

BRASILIA, Oct 8 Brazilian retail sales rose to their highest on record in August, official figures showed on Thursday, the fourth monthly increase in a row as economic activity continued to recover from the worst of the nationwide lockdown measures earlier this year.

World News