Brazil has climbed out of recession and appears on the verge of receiving a new investment-grade rating. That’s what Market Watch wrote in an article published this Friday (18) in its website. Like many other countries, Brazil made a number of moves to shield its economy from the effects of the worldwide credit crunch that triggered [...]
Posts Tagged ‘Guido Mantega’
Brazil is ‘dancing through the crisis’, reports FT
Financial Times published yesterday a special report about Brazil. In its front page, the correspondent in Sao Paulo Jonathan Wheatley stated that Brazil is ‘dancing through the economic crisis’. The publication starts from a personal focus on the owners of a Brazilian micro-distributor who are investing more in their business in Recife (north-western Brazil), passes through the [...]
No recession in Brazil, as finance minister announces new credit lines
Brazil is perhaps one of the few countries in the world that hasn’t been talking about recession. The R word is not being mentioned in any of the large newspapers in the country. Moreover, Brazil’s economic team will unveil new credit measures for exporters suffering the consequences of the liquidity crunch. “For now, activity levels [...]