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.
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.
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.
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.
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.
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.
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.
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.
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.
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.