Analysis, data & forecasts on every country across the region

Economy / Brazil

Trying To Save Face On Honduras

February 2010 | Ratings Update

The Brazilian government is trying to delicately manoeuvre its position on recognising Honduras's new government after President Porfirio Lobo was sworn in on January 27. On the last weekend in January Brazil hinted that it may shift its stance on recognition, following its opposition to recognising Honduras's election after the military coup which ousted former president Manuel Zelaya last summer. Brazil's government will attempt to save face by building regional consensus through the Rio Group summit in late February, though we believe that a common position on recognising Honduras's new government will be difficult to achieve.

To read the full article, please choose one of the following options:

Subcribers please log in

Related Monitor Articles
Long-Term Outlook Still Bright

Economy / Brazil While acknowledging the impact of the current recession, we remain long-term bullish the Brazilian economy. We believe that Brazil's economy has a lot going for it, ranging from an enviable array of...
July 2009
Macroeconomic Forecast Brazil

Economy / Brazil Consumer price inflation in Brazil continued to move towards the central bank's 4.5% y-o-y inflation target, coming in at 4.8% y-o-y in June. Although we believe that the decline in economic activity...
July 2009
Charts Of The Day

Economy / Brazil Foreign portfolio investment started to return to Brazil in March, following six consecutive months of portfolio investment outflow, in which a total of US$23bn fled the country, triggered by the EM-wide...
July 2009
Fiscal Outlook: A Bump In The Road

Economy / Brazil BMI View: A widening nominal public sector deficit and growing debt load in 2009 should represent little more than a bump in the road, although we caution that the Brazilian authorities must maintain...
July 2009
Exports To China Improve C/A Outlook

Economy / Brazil We have revised down Brazil's current account deficit forecast for 2009 to 1.4% of GDP, from 2.4% previously, as we now see a stronger performance in the country's trade balance this year. With Chinese...
July 2009
Brazil MonitorBrazil Channels


All material on this site is protected by international copyright laws and use of this site is subject to our Terms & Conditions.
© 2010 Business Monitor International Ltd
Site powered by WORKSsitebuilder CMS