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Weekly Report - 28 July 2016 (WR-16-29)
BRAZIL: Tentative signs Brazil is bottoming out
In mid-July, the International Monetary Fund (IMF) revised upwards its projections for Brazil’s GDP. The forecast still makes for grim reading, but it is an improvement. The IMF now expects Brazil to contract by 3.3% in 2016, rather than 3.8%. Instead of zero growth in 2017, the IMF is now forecasting an expansion of 0.5%. The Institute of International Finance (IIF) was even more positive, predicting growth of 1.5% in 2017. Although Brazil’s economy appears to be finally bottoming out, after almost two years of recession, its dysfunctional politics may still hamper prospects for growth.
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- TRACKING TRENDS
- BRAZIL: Lula and Dilma will not attend opening ceremony
- BRAZIL: Impeachment, elections, Olympics put Brazil on pause
- BRAZIL: Tentative signs Brazil is bottoming out
- PARAGUAY: Preparing to defend Petropar from international lawsuit
- TRACKING TRENDS
- MEXICO: Obama seeks to buoy Peña Nieto’s spirits
- MEXICO: Mayoral murders raise security concerns
- GUATEMALA: Morales faces protests and high-level resignations
- CUBA: Fariñas stages fresh hunger strike
- TRACKING TRENDS
- Argentine trade unions moot convergence to challenge Macri
- Quotes of the week