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.
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.
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.
Subscribe to VCpost newsletter
- Maximizing Social Security Retirement Benefits: Experts Reveal Strategies to Get Bigger Monthly Checks
- Biden Under Scrutiny for Supplying Tank Shells to Israel Without Congress' Approval
- Wall Street Experts See Solid Potential in These 3 Stocks
- Dr. Stuart Lutton & New Life Teeth Clinic: Leading the Way with Zirconia Dental Implants
- Nurp: Unleashing Financial Growth Through a Unique Lifestyle Philosophy
- US Economy Is Still Robust With Labor Market Adding 199,000 Jobs in November
- Why Billionaire Tech Leader Romesh Wadhwani Is Investing $1 Billion on AI's Future
- JPMorgan Chase Gives Gloomy Outlook, Says 99% of Americans Will Be Worse off Financially in 2024 Than Pre-Pandemic