Latinnews Daily - 15 December 2017

* Brazil’s GDP will grow by 0.9% thi year, according to the United Nations Economic Commission for Latin America and the Caribbean (Eclac), showing it has emerged from a two year-recession. Less encouragingly, the government’s key pensions reform has stalled in the federal congress and will not be voted on until at least February 2018. This caused the value of Brazil’s currency and the local stock market to drop, reflecting decreased chances that the bill would pass in an election year. "The delay in presenting the pension reform for a vote is credit negative", stated Samar Maziad from Moody’s Investors Service. 

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