Economy

Brazil's year-to-date current account deficit widened to US$23.3bn in September, as the country's year-to-date trade surplus shrank by 36.3% y-o-y to just US$19.7bn, down from US$31.0bn... 2008-10-31

International reserves of the Banco Central do Brasil (BCB) measured an impressive US$206.5bn in September, after having seen average growth of over 100% y-o-y throughout 2007. Reserve... 2008-10-29

We see growing scope for headline inflation in Brazil to converge with our end-2008 inflation target of 6.0% y-o-y this year, as commodity prices continue to come off their boil,... 2008-10-02

Brazil's fiscal dynamics continue to reflect the country's robust economic performance of late, with higher tax and oil revenues seeing the nominal fiscal deficit shrink below 2.0%... 2008-10-01

We remain confident in Brazil's macroeconomic fundamentals, forecasting average real GDP growth of 4.4% over our five-year forecast period. However, we are increasingly cautious regarding... 2008-09-26

Unemployment in Brazil remains on an overall downward trajectory, even with the jump in the unemployment rate to 8.1% in July, from 7.8% in the previous month. Looking at the 12-month... 2008-09-08

Earlier this year we began mooting the possibility that Brazil's banking sector may soon provide attractive entry points for investors, given our bullish outlook on the country's... 2008-09-04

While aggressive monetary tightening is in full-swing and our medium-term view for a continued correction in global commodity prices remains in play (notwithstanding a short-term... 2008-08-22

Brazil's primary budget reached a BRL11.2bn surplus in June bringing the year-to-date primary fiscal surplus to BRL86.1bn, a 20.1% y-o-y increase over the same period a year earlier.... 2008-07-30

Brazil's current account continued to push deeper into deficit in June, accumulating US$17.4bn on the year, compared to a US$4.1bn surplus during the same period in 2007. A 44.7%... 2008-07-29