Economy

As his second term comes into view, President Luiz Inacio Lula da Silva is attempting to build a governing coalition in Congress. Although he has been successful so far, we are concerned... 2006-12-04

After having registered a poor growth rate of just 1.15% y-o-y in Q206, the outlook for the Brazilian economy in 2006 appeared to have deteriorated a little, prompting a decline in... 2006-12-01

Brazil's current account surplus is on track to meet our 2006 year-end forecast of US$11bn. This figure would be below 2005's record of US$14.28bn, and we project that it will mark... 2006-11-22

Whilst we think the benign inflation environment will allow the Banco Central do Brasil (BCB) to pursue further monetary easing over the course of 2007, should inflationary pressures... 2006-11-08

Industrial production rebounded in July and August after a dismal performance in June. On a seasonally-adjusted basis, industrial production rose by 2.99% y-o-y in July and by 3.10%... 2006-11-06

In line with our projections, figures released by the Brazilian Trade Ministry revealed a deterioration in October's trade balance. The trade surplus, which stood at a record high... 2006-11-06

BMI View: The Banco Central do Brasil (BCB) revised its year-end inflation forecast downward from 3.8% to 3.4%, as a result of disappointing Q206 growth, coupled with lower-than-expected... 2006-10-11

BMI View: Brazil's current account surplus will not meet last year's record US$14.28bn in either 2006 or 2007. However, the resilience demonstrated by the current account, despite... 2006-10-11

In line with our projections, trade figures released by the Brazilian Trade Ministry indicated a mild deterioration in September's trade balance. The trade surplus, which reached... 2006-10-11

The Brazilian real has remained resilient despite the national election campaign, in line with our view. As such, we reiterate our year-end exchange rate forecast of BRL2.2000/US$... 2006-10-10