Brazil Daily

Brazilian industry stuck ten years in the past

Good morning. Brazilian industry stuck ten years in the past. Will the pension reform finally advance? Rio’s mayor face impeachment process. Government aiming for tax reform in May.


Brazilian industry stuck ten years in the past

The Brazilian Institute of Geography and Statistics (IBGE) published the latest figures of Brazil’s industry, and the numbers are not inspiring: the sector grew by only 0.7% between January and February (seasonally adjusted), below the already low 1% expectation. Today, Brazil’s industrial output is on par with 2009 levels and nowhere near the bonanza of 2010-2014.

A few factors contributed to...

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