BRASILIA Brazil posted a trade surplus of $4.5 billion in May, official data showed on Monday, as exports fell more steeply than imports, dragging the accumulated surplus over the first five months of the year further down from 2019.
BRASILIA, June 1 Brazil cannot rely on foreign
financing in the short term, central bank president Roberto
Campos Neto said on Monday, citing the recent record capital
outflow as the coronavirus crisis and investor jitters
BRASILIA, June 1 Brazilian manufacturing shrank
rapidly in May although not quite at the previous month's record
pace, a survey of purchasing managers' activity showed on
Monday, confirming that the sector remains in a state of near
paralysis from the COVID-19 crisis.
BRASILIA Brazil's economy contracted in the first quarter by the most in nearly five years, data showed on Friday, as the coronavirus outbreak slammed the brakes on a fragile recovery and pushed the country toward what looks like a deep recession.
BRASILIA Brazil's national debt and public sector deficit ballooned to record levels in April, official figures showed on Friday, clear signs of the toll the coronavirus crisis is having on the country's finances.
BRASILIA, May 29 Brazil's national debt and
public sector deficit ballooned to record levels in April,
official figures showed on Friday, clear signs of the toll the
coronavirus crisis is having on the country's finances.
BRASILIA Brazil has not exhausted its monetary policy options but should be skeptical of reducing interest rates close to zero or printing money to buy bonds and finance the government deficit, central bank president Roberto Campos Neto said on Thursday.
BRASILIA Loan defaults in Brazil rose in April for a fourth month in a row, official figures showed on Thursday, something not seen since the 2015-16 recession and a sign of what could lie in store as the economy heads for another steep downturn this year.
BRASILIA Brazil's unemployment rate rose to its highest in just over a year due to the coronavirus crisis, official figures showed on Thursday, as a record number of people left the workforce, pushing labor force participation to an all-time low.
BRASILIA Foreigners reduced their holdings of Brazilian bonds in April to the lowest since 2009, figures on Wednesday showed, against the backdrop of rising financial market turmoil fueled by the coronavirus crisis and domestic political uncertainty.