Brazil economy

Central Bank expects Brazil's GDP to fall 3.5% in 2016

The central bank of Brazil expects the nation's gross domestic product (GDP) to shrink 3.5% in 2016 and inflation to hit 6.6%. The Central Bank expects Brazil's inflation rate to drop to 4.9% in 2017.

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Global economic slowdown weakens economic recovery in the US: Indra Nooyi

According to Indra Nooyi, the ongoing global economic slowdown threatens economic recovery in the US. The oil market combined with political turmoil creates an economic pressure in the nation.

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Standard & Poor cuts Brazil's loan rating, citing political turmoil

Standard & Poor has trimmed Brazil's loan rating into "junk territory' following the nation's failure to reduce its fiscal risks and the political hurdles facing the economy of Brazil. The government is hopeful to reform its fiscal strategy amid political challenges and economic slowdown.

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