The president of Brazil, Jair Bolsonaro, announced that the government will eliminate federal taxes on diesel for two months, in order to seek the tax exemption indefinitely, and will abolish tax rates on gas permanently.
This was indicated by the president during a meeting on the social network…
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jair bolsonaro
Brazil’s recovery could turns slow
The risks associated with the evolution of the pandemic in Brazil and the cooling of emergency aid granted by the Government of Jair Bolsonaro could imply a scenario of slower economic recovery or even a temporary reversal of it.
This was…
Bolsonaro assures that privatizations are necessary
The president of Brazil, Jair Bolsonaro, defended the role of privatizations of state companies that generate deficits and that can be better managed by private initiative.
"The State is bloated and must get rid of its loss-making…
Brazil’s GDP falls during the first quarter of 2020
Brazil's Gross Domestic Product (GDP) contracted 1.5% in the first three months of the year compared to the last quarter of the previous year, as a consequence of the effects of the pandemic on the country's economy.
This fall in the…
Bolsonaro wants to resume economic activity
Brazilian President Jair Bolsonaro called on Friday to revive economic activity and reopen borders despite the coronavirus pandemic.
Bolsonaro, who was present at the inauguration of Nelson Teich for the Ministry of health, called for…
Brazil will inject 30,000 million dollars into its economy
This week, the government of Jair Bolsonaro announced that it will settle 30,000 million dollars to face the crisis caused by the coronavirus.
This was announced by the Minister of the Economy, Paulo Guedes, who detailed in a press…
Central Bank of Brazil reduces economic growth forecast
The Central Bank of Brazil reduced the forecast of growth of the Brazilian economy from 2.17% to 1.99% by 2020, which represents the fourth consecutive reduction of this projection, according to a statement.
Despite the reduction for this…
Moody’s trusts Brazil’s economic reforms
Despite the political challenges that Brazil is going through, and following the approval of the social security reform last October, Moody’s hopes that the South American country will maintain its reform agenda, including the prosecutor.…
Jair Bolsonaro presents new economic reform to the Congress
The president of Brazil, Jair Bolsonaro, presented to Congress on Tuesday a new reform that include the possibility that the government, states and municipalities declare themselves in "fiscal emergency" because current expenses exceed 95%…
Brazil was invited to be a member of the OPEC
Saudi Arabia formally invited Brazil to be part of the Organization of Petroleum Exporting Countries (OPEC).
This was announced on Wednesday by the Brazilian president, Jair Bolsonaro, who stressed that he had been pushing for months to…
Brazil seeks to boost its economy with a new historical rate cut
A new 5% cut is added to the twelve already made in Brazil in the last 3 years. According to experts, they bet on a re-boost of the economy in the Caribbean country which take off is delayed despite the progress of pro-market reforms.…
President Bolsonaro’s mobiles were hacked
Mobile equipments belonging to Brazilian President Jair Bolsonaro were hacked, according to the Ministry of Justice and Public Security in conjunction with the country's federal police.
According to the information provided by the…