End of preview - This article contains approximately 670 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
Economy & Business - July 2025
BRAZIL: Tax defeat reflects broader fiscal troubles
The government of President Luiz Inácio Lula da Silva is reeling from the defeat in June of its revenue-boosting measures, the biggest setback to his agenda since he returned to office in January 2023. Congress struck down the measures, further deteriorated already wobbly public finances, and risked impacting some of the government’s flagship social welfare programmes. But the result also showed how the 79-year-old former trade union leader, who is known for his negotiating skills and ability to forge compromise, may be losing his grip on congress and, as a result, on his legislative agenda.
- Brazil pursues oil exploration drive that taints green credentials
- ECUADOR: Higher costs but more opportunities after mining overhaul
- COLOMBIA: Fiscal unravelling triggers credit downgrades
- BOLIVIA: The rise of roadblocks as a pressure tactic
- PERU: Central bank criticises finance ministry
- ECONOMIC HIGHLIGHTS
- BRAZIL: Tax defeat reflects broader fiscal troubles
- URUGUAY: Orsi gets extra cash to settle debt and boost spending
- REGION: MercadoLibre takes battle with Nubank to home market
- ECONOMIC HIGHLIGHTS
- HONDURAS: IMF praises economic policy despite concerns of public
- COSTA RICA: Study highlights risks to investment climate
- REGION: US tax on remittances poses economic threat
- BARBADOS: Growth set to ease in 2025
- JAMAICA: Strong second quarter numbers expected
- ECONOMIC HIGHLIGHTS
- MEXICO: Backlash from US sanctions puts Mexican banks on edge
- MEXICO: Tariffs prompt GM to refocus Mexican production in US
- MEXICO: Major brewery investment raises concerns in southeast
- ECONOMIC HIGHLIGHTS