Economy Minister Paulo Guedes told senators the Brazilian GDP could contract up to 4 percent if the quarantine is extended past July. Mr. Guedes said that, in the best-case scenario, the GDP could shrink as little as 1.5 percent. Both the Economy Ministry and the Central Bank state that given the current moment it is hard to estimate the GDP for 2020. The most recent reports by both institutions project zero growth for this year.
President Luiz Inácio Lula da Silva issued a provisional decree laying the foundations for Eco…
Finance Minister Fernando Haddad on Wednesday delivered to House Speaker Arthur Lira a bill with…
Brazil's IPCA-15 mid-month inflation measurement posted a 0.21 percent increase in April, following the 0.36…
It is not about denying the environmental problems and challenges Brazil faces — that are…
Shareholders of Brazil’s oil giant Petrobras approved in a Thursday general meeting the payment of…
This week, the world celebrates International Earth Day, a yearly call to action to confront…