Brazil's unemployment rate rose to a historic high of 14.7% in the first quarter of the year, figures showed on Thursday, as a record number of people out of work and other indicators pointed to general weakness across the labor market.
Brazil's economy may grow by as much 5% this year, Economy Minister Paulo Guedes said on Tuesday, adding that the government could eliminate its budget deficit and swing to surplus as early as 2023.
RIO DE JANEIRO, BRAZIL - First you have to work to then sell Brazil, Minister Paulo Guedes added.
Brazil s Economy Minister Paulo Guedes argued that Brazil is cheap for foreign investors and said that gringos entering Brazil at the moment, with the dollar quoted near R$5.50, will be able to leave with the currency at R$3 in two or three years.
At an event organized by BTG bank, Guedes said that he is attending fewer road shows with investors than past ministers, but said that the country will inevitably have to turn to the markets. First you . . .
To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed? Login Here
Latin America s Most Significant Event for Foreign Investment, the Brasil Investment Forum, to Make Virtual Return in 2021
World leaders and decision-makers, such as President Bolsonaro, Minister Paulo Guedes and more expected to convene at BIF 2021 next week to discuss resilience of Brazil s economy and investment opportunities in strategic sectors
News provided by
Share this article
Share this article
BRASÍLIA, Brazil, May 25, 2021 /PRNewswire/ Apex-Brasil, the Brazilian Trade and Investment Promotion Agency – along with its partners, the Inter-American Development Bank (IDB) and the Brazilian Federal Government – is pleased to host the two-day Brasil Investment Forum (BIF) next week on May 31 and June 1. It is anticipated that BIF will feature opening remarks from Brazilian President Jair Bolsonaro, along with other exciting keynotes and panel discussions from the world s largest companies, key decision-makers, and representatives from the press and academia, to disc
Brazil: Pandemic, inflation, and growth expectations | Calamatta Cuschieri
Markets summary
by Calamatta Cuschieri
Notwithstanding the political turmoil, a caseload far surpassing last year’s pandemic peak, and a slow vaccination roll-out, several international banks and financial analysts have raised their forecasts for Brazil’s economic growth this year.
A revised GDP growth figure, now pointing to at least 4 per cent, comes after a closely watched central bank index of economic activity suggested that Latin America’s largest economy may have expanded in the first quarter.
In 2020, Brazil’s economy contracted 4.1 per cent and although most economists were expecting a recovery this year, the surge in infections plus an inoculation drive lagging behind the developed world, weighing on mobility, increased downside risks.