Widespread revision reflects worsening economic outlook with potentially higher inflation and interest rates slowing down borrowing in 2025 and 2026 02/18/2025 Brazilian banks have revised lending growth forecasts for this year to 9% from 8.5%, according to the Banking Economy and Expectations Survey by business federation Febraban. Among the major lenders that have already released […]
Retailers report sluggish sales as suppliers inquire about price increases of up to 7% 02/18/2025 Consumer spending showed signs of instability at the start of 2025, a stark contrast to the steady growth seen in the same period last year. Weekly monitoring by NielsenIQ (NIQ), obtained by Valor, indicates that February began with a slowdown […]
Focus shifts from UN reforms to preserving multilateral system, diplomats say publicly and privately 02/17/2025 The isolationist stance promoted by U.S. President Donald Trump and his robust actions against the multilateral foreign relations are pushing Brazil to rethink its foreign policy strategy. Officials in Brasília state that the focus on reforming multilateral organizations to give […]
Top mining industry official says supply of critical minerals set to keep steady while usage in U.S. likely to shift to defense sector 02/17/2025 Critical and strategic minerals mined in Brazil are among the key inputs for achieving energy transition goals. Brazilian natural resources like copper, lithium, graphite, nickel, and rare-earth elements are poised for […]
Productivity gains and increased supply drive price adjustments, with exports playing a balancing role 02/17/2025 After being one of the main drivers of inflation in 2024, beef prices in Brazil are showing signs of decline, a trend expected to continue throughout the year’s first half. Productivity gains and increased female cattle slaughter are key factors […]
Gabriel Galípolo sees country in “elevated level” from the perspective of monetary tightening 02/12/2025 Central Bank President Gabriel Galípolo said that “we are moving towards a quite elevated level from the perspective of monetary tightening.” Mr. Galípolo participated in an event on Wednesday morning organized by the Brazilian Center for International Relations (Cebri), the Institute […]
Asian countries gain ground while Argentina plummets from fourth place in 2023 to 60th in 2024 02/12/2025 Brazil ended 2024 with a trade surplus 25% lower than the previous year and a reduced contribution from its neighbors. The list of the ten countries that generated Brazil’s largest trade surpluses in 2024 no longer includes any […]
Brazil’s finance minister, Fernando Haddad, said U.S. President Trump’s tariffs are “a generic thing for everyone,” and reaffirmed Lula administration’s willingness to negotiate 02/12/2025 Brazil’s minister of institutional relations, Alexandre Padilha, stated on Tuesday (11) that Brazil “will not engage in any trade war” when commenting on the tariffs imposed by U.S. President Donald Trump […]
CEO Milton Maluhy Filho says projections could improve if macro conditions exceed expectations, while analysts view bank’s outlook as conservative 02/07/2025 After another year of record results in 2024, Itaú Unibanco, Brazil’s largest private bank, released a conservative guidance for 2025, according to market analysts. Itaú CEO Milton Maluhy Filho emphasized on Thursday (6) that […]
Fewer Brazilians are in debt or behind on payments, but more income is going toward loan repayments, according to trade association CNC 02/07/2025 The share of indebted and delinquent consumers declined in January, according to the Consumer Debt and Delinquency Survey by the National Confederation of Commerce of Goods, Services, and Tourism (CNC). However, the […]