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O ministro da Economia, Paulo Guedes, participa da solenidade  de Sanção de duas medidas provisórias (MP) aprovadas pelo Congresso Nacional, a que institui o Programa Emergencial de Suporte a Empregos (MP 944/20)
Economy

GDP reduction this year to be even smaller than expected, Guedes says

The minister advocated the so-called “structural” reforms, proposed by the government, and also mentioned that the privatization agenda will be revamped, with “two, three, four, major companies to be privatized” being announced.

O ministro da Economia, Paulo Guedes, participa da solenidade  de Sanção de  duas medidas provisórias (MP) aprovadas pelo Congresso Nacional, a que institui o Programa Emergencial de Suporte a Empregos (MP 944/20)
Economy

Economy minister: Brazil economy will see sharp rebound

Guedes mentioned that April was the “floor” of the retraction in the Brazilian economy due to the influence of the COVID-19 pandemic, and argued the 9.7 percent shrinkage in the country’s gross domestic product (GDP) in the second quarter “is a sound from far away.”

indústrias; fábricas,Usina de Cana Estivas.
Economy

Brazil economy down 9.7% in second quarter

In the first quarter of 2020, the GDP went down 5.9 percent from the same time span in 2019. In this comparison, a positive performance was reported for agriculture (1.6%), and declines for industry (-6.5%) and services (-5.9%).

trabalhadoras, Linha de produção de eletro eletrônicos da Semp Toshiba. Chão de fábrica, Indústria.

Manaus (AM) 27.10.2010 - Foto: José Paulo Lacerda
Economy

GDP shrinkage in second quarter may reach 10%

If the GDP is confirmed to sink for two consecutive quarters, the country can be said to face technical recession.

porto_do_rio_3.jpg
Economy

Brazil’s pandemic-stricken economy down 1.5% in first quarter

“Durable goods, vehicles, clothing, beauty parlors, gyms, housing, and food were severely affected by social distancing,” said Rebeca Palis, coordinator for National Accounts at the government’s statistics agency IBGE.