Page 2 - Sergio Vale News Today

Extreme weather, high interest rates, inflation and unemployment all derailed Brazil’s post-pandemic recovery.

Brazil Economy Chief Fades Away as Bolsonaro Takes the Reins Martha Beck, Samy Adghirni and Simone Iglesias, Bloomberg News Jair Bolsonaro, Brazils president, left, speaks with Paulo Guedes, Brazils economy minister, during a swearing-in ceremony for Gustavo Montezano, chief executive officer for the Brazilian Development Bank (BNDES), not pictured, at the Planalto Palace in Brasilia, Brazil, on Tuesday, July 16, 2019. Montezano said one of his goals is to spee...

As Amazon forest-to-savanna tipping point looms, solutions remain elusive by Shanna Hanbury on 23 February 2021 Leading scientists project that if an additional 3-8% of rainforest cover is lost in the Amazon, it may overshoot a forest-to-degraded-savanna tipping point. That shift could mean mega-drought, forest death, and release of great amounts of stored carbon to the atmosphere from southern, eastern and central Amazonia. Despite this warning, Brazilian Amazon deforestation hit an 11-year h...

By Craig Mellow Order Reprints Print Article People at a market under a Brazilian flag in Rio de Janeiro, Brazil, on Dec. 08, 2020 amid the coronavirus pandemic. MAURO PIMENTEL/AFP/Getty Images Brazil is a hard place to be optimistic about. Liberal spending to offset rampaging Covid-19 led to a gaping budget deficit last year, and national debt nudging 100% of GDP.  The economy contracted more than 4% despite this stimulus. Politicians are taking their time about ri...