Economy

Our above-consensus 3.9% real GDP growth forecast for Brazil in 2012 is based in large part on our view that the Brazilian authorities can and will use available policy tools to keep... 2012-01-03

BMI View: Although we have revised down our 2012 real GDP growth forecast to 3.9%, from 4.8% previously, in line with our deteriorating global growth projections, we remain above... 2011-12-19

Brazil recorded the largest primary fiscal surplus for six months in October 2011, taking the year-to-date surplus to BRL119bn, significantly above the levels recorded over the previous... 2011-11-29

BMI View: The Brazilian real has continued its sell-off against the US dollar, trading around BRL1.8500/US$ at the time of writing, and we are not yet convinced that the bottom has... 2011-11-29

BMI View: Brazil's current account narrowed slightly in Q311, a trend which we expect to continue throughout 2012 and 2013. The financial account also held up well to investor risk... 2011-11-28

Currency intervention to stem the recent sell-off in the Brazilian real in recent months has capped the process of reserve accumulation, with foreign reserves experiencing their first... 2011-11-01

BMI View: Brazil's unemployment rate held steady at 6.0% in September for the third month in a row, though it underperformed consensus estimates that expected it to fall to 5.8%.... 2011-11-01

BMI View: Brazil's year-to-date central government nominal deficit widened to BRL63.7bn in August, following monthly a shortfall of BRL17.1bn, which is broadly in line with our full-year... 2011-10-04

A weaker global growth outlook since the start of August has so far failed to dent Brazilian exports. In US dollar terms goods exports hit a record monthly high of US$26.2bn in August,... 2011-10-04

Although momentum indicators on the Brazilian real are the most oversold they have been since the 2008 blowout, we are not yet convinced that a near-term reversal is on the cards. With... 2011-10-04