Back

Weekly Report - 04 February 2016 (WR-16-05)

BRAZIL: Back to the future?

Amid the worse recession since 1901, the Brazilian government’s new finance minister, Nelson Barbosa, appears to be moving away from the austerity measures that characterised the tenure of his predecessor, Joaquim Levy. On 28 January Barbosa, announced R$83bn (US$20.4bn) in extra credit from the country’s state-run banks to help various sectors of the economy. Critics in the Brazilian media argue that President Dilma Rousseff is returning to the looser fiscal policies of her first term. Last month the International Monetary Fund (IMF) forecast that Brazil’s economy would shrink by 3.5% this year, after contracting 3.8% last year.

End of preview - This article contains approximately 767 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

LatinNews
Intelligence Research Ltd.
167-169 Great Portland Street,
5th floor,
London, W1W 5PF - UK
Phone : +44 (0) 203 695 2790
Contact
You may contact us via our online contact form
Copyright © 2022 Intelligence Research Ltd. All rights reserved.