Brazil’s Biggest Bank Now Forecasts Two-Year GDP Contraction

Itau Unibanco SA is now forecasting Brazil’s economy will contract for a second consecutive year as unemployment continues to rise and the government struggles to contain above-target inflation.

Brazil’s economy falters, but worse may be to come

The signs that Brazil’s economy is in trouble have been visible for a while now, but the worst could be still to come.

Brazil’s Deeper Contraction Sinks Lenders as Petrobras Advances

Brazil’s disappointing jobs report added to speculation Latin America’s largest economy is heading to its deepest recession since 1990, sinking bank stocks.

Brazil Mid-April Inflation Slows Less Than Analysts Forecast

Brazil’s inflation in the month through mid-April slowed less than economists estimated, increasing economists’ expectations that the central bank will continue its pace of rate increases.

Brazil Signals Key Rate on Hold Until Next Government Sworn In

Brazil’s central bank signaled borrowing costs will remain unchanged until at least the end of the current administration in December as policy makers are trapped between a recession and above-target inflation.

Rousseff Maintains Poll Lead With Brazil Ballot Win Intact

Brazilian President Dilma Rousseff maintained her lead over her nearest challengers less than two months before elections, according to an Ibope poll that shows her winning a possible run-off.

Brazil Analysts Cut 2014 GDP Call Below 1% for First Time

Brazil economists cut their 2014 growth forecast for the eighth consecutive week, as low confidence and above-target inflation curb demand in the world’s second-largest emerging market.

Brazil Central Bank’s Disinflation Outlook Signals Rate Hold

Brazil’s economy will enter a “dis-inflationary” period, the central bank said, signaling it will keep interest rates unchanged even as it forecasts above-target inflation for at least two years.

Other Views: Brazil's economy needs work

Brazil is favored to win this year’s World Cup. Yet the cost of hosting the games, along with some expensive promises made by a president seeking re-election, may turn any athletic triumph into a Pyrrhic victory.

Argentina and Brazil Modify Auto Accord to Revive Falling Trade

Argentina and Brazil agreed to modify a bilateral vehicle trade accord in a bid to kick-start plunging trade between the neighboring countries.

Brazil Economists Cut Growth Estimates for This Year and Next

Brazil economists cut both 2014 and 2015 growth estimates for the second week in a row on signs that a period of waning economic activity has extended beyond the first quarter.

Brazil Analysts See Lower Key Rate and Economic Growth This Year

Brazil analysts cut their 2014 key rate and economic growth forecasts, after the country’s gross domestic product slowed in the first quarter on the biggest investment drop in two years.

Brazil Fourth Quarter Growth Exceeds All Analyst Forecasts

Brazil’s economy grew in the fourth quarter more than economists forecast as an increase in investment offset a drop in industrial production.

Brazil Posts Smallest Trade Surplus Since 2000 on Surging Imports

Brazil barely exported more than it imported in 2013, the worst trade performance by Latin America’s largest economy in more than a decade as strong consumer spending boosted imports and weak global demand eroded exports, an imbalance that could create problems for President Dilma Rousseff this year as she strives to prod growth ahead of elections.

Economic Weakness May Postpone Brazil Rate Hikes

Brazil’s economy is slowing down again, with weak industrial production data released earlier this week.

Brazil Economists Boost 2013 Selic Forecast Third Straight Week

Analysts covering Brazil’s economy raised their forecast for the benchmark rate at year-end, as policy makers seek to control accelerating annualized inflation in the world’s second-biggest emerging market.

Brazil Posted Record $4 Billion Trade Deficit in January

Brazil posted a record trade deficit in January, as monthly figures surged on the inclusion of oil imports made at the end of last year.

Brazil Inflation Converging to Target in 2013, Tombini Says

Brazil’s central bank President Alexandre Tombini said inflation will converge to the bank’s 4.5 percent target in the third quarter of 2013 even as new data showed the pace slowing less than expected.

Peru Likely to Keep 4.25% Rate as Prices Ease and Economy Booms

Peru’s policy makers will probably leave the benchmark interest rate unchanged for a 15th consecutive month today as inflation slows and economic growth outperforms regional peers.

Argentine Factory Output Tumbles as Brazil Buys Fewer Cars

Argentina’s industrial production fell more than 4 percent for a second straight month in June, the biggest two-month drop in a decade, as slowing growth in Brazil undermines automobile exports and steel production.