The risk-averse behavior in financial markets around the globe this year — together with the upward movement of short and long-term interest rates both in Brazil and abroad —generated a strong deterioration in financial conditions. The effects on the economic activity have not been strong so far, given that measures adopted by the government and […]
Economists were taken by surprise with the data for the Brazilian economy, especially in March, and raised their projections for the GDP in the first quarter of this year, opening space for a more positive view of the activity both in the following three months and in 2022. The year, however, is likely to have […]
The inflationary scenario already called for caution and indicated a great challenge ahead for the Central Bank. The concerns of market players, however, have increased as inflation has raised a red flag, with an even more persistent character, while the monetary authority has given signs that the end of the tightening cycle is near. The […]