Brazil Weekly

Why incentives to the oil industry harm Brazil’s economy

Hello, and welcome to our Weekly Report. In this issue: Brazil’s stock market hurt by a strong U.S. Dollar, Why incentives to the oil industry harm Brazil’s economy. And the most important facts of the week.


The week in review

  • Economic Indicators. The effects of the 10-day truckers’ strike have begun to appear on Brazil’s economic indicators. The inflation rate

    for the month of May was 0.40% – above the market’s projection of 0.29%. Meanwhile, electricity consumption was down by 8.8%, and car sales dropped by 7.1%.

  • The rise of the USD. After the USD rose to almost BRL 4 on...
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