United Kingdom

Jamie McGeever

Brazil PMIs show economic activity shrank in June for fourth straight month

03 Jul 2020

BRASILIA Economic activity in Brazil contracted significantly in June for a fourth month, a survey of purchasing managers' activity showed on Friday, as the COVID-19 crisis ensured Latin America's largest economy ended the second quarter on a weak footing.

Brazil central bank chief sees start of 'V-shaped' recovery, limited room for rate cuts

02 Jul 2020

BRASILIA Brazil's economy looks to have begun a "V"-shaped recovery from the worst of the COVID-19 crisis, central bank president Roberto Campos Neto said on Thursday, citing the latest energy, traffic and tax collection data as well as double-digit credit growth.

Brazil emergency aid for low-paid workers jumps to nearly $50 billion

02 Jul 2020

BRASILIA Brazil's emergency payments to low-paid, informal workers hit hard by the COVID-19 crisis stands at around 254 billion reais ($48 billion), more than double all 2020 discretionary spending, a senior Economy Ministry official said on Thursday.

Brazil revises 2020 fiscal outlook, sees 'lost decade' for national debt

02 Jul 2020

BRASILIA Brazil's government on Thursday revised its 2020 fiscal outlook, forecasting significantly higher debt and wider deficits due to the COVID-19 crisis, and said it will be over a decade before public debt falls back to last year's level.

Brazil's industrial output up 7% in May, second-biggest rise on record

02 Jul 2020

BRASILIA Industrial production in Brazil rose 7% in May, official figures showed on Thursday, the second-biggest monthly increase ever as activity started to pick up following two months of stricter lockdowns to curb the spread of the novel coronavirus.

Brazil posts historic trade surplus in June, raises 2020 forecast

01 Jul 2020

BRASILIA Brazil posted one of its biggest trade surpluses on record in June, official data showed on Wednesday, and the Economy Ministry raised its forecast for this year's overall surplus by almost 20%.

Brazil manufacturing returns to growth in June, PMI rises to 51.6 vs 38.3 in May - IHS Markit

01 Jul 2020

BRASILIA, July 1 Brazilian manufacturing expanded in June for the first time in four months, a survey of purchasing managers' activity showed on Wednesday, coming back to life after three months in a state of near paralysis due to the COVID-19 crisis.

Bolsonaro extends aid to Brazilians as jobs plummet, public debt soars

01 Jul 2020

BRASILIA Brazilian President Jair Bolsonaro on Tuesday signed a decree to extend emergency stipends to informal workers hit hard by the COVID-19 crisis, as official figures showed record deficits and mounting unemployment.

Brazil's debt and deficit hit record highs in May, outlook darkens

30 Jun 2020

BRASILIA Brazil's national debt and public-sector deficit surged to record highs in May, figures showed on Tuesday, reflecting the squeeze on finances from a second full month of social isolation and quarantine to curb the novel coronavirus pandemic.

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