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Brazil Facing Its Worst Recession Since 1901

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Read..This news is from warnewsupdates ....enjoy

 

NOW THE NEWS IN FULL.....

Jan 5th 2016, 12:30



Bloomberg: Brazil Heads for Worst Recession Since 1901, Economists Forecast

Brazil's economy will contract more than previously forecast and is heading for the deepest recession since at least 1901 as economic activity and confidence sink amid a political crisis, a survey of analysts showed.

Latin America's largest economy will shrink 2.95 percent this year, according to the weekly central bank poll of about 100 economists, versus a prior estimate of a 2.81 percent contraction. Analysts lowered their 2016 growth forecast for 13 straight weeks and estimate the economy contracted 3.71 percent last year.

Brazil's policy makers are struggling to control the fastest inflation in 12 years without further hamstringing a weak economy. Finance Minister Nelson Barbosa, who took the job in December, has faced renewed pressure to moderate austerity proposals aimed at bolstering public accounts and avoiding further credit downgrades. Impeachment proceedings and an expanding corruption scandal have also been hindering approval of economic policies in Congress.

WNU Editor: At least Brazil is posting trade surpluses .... Brazil Posts $19.68 Billion Trade Surplus for 2015 (WSJ) .... but if Brazil is heading into a long recession, expect it to take down its neighbours. This is also not helpful .... Brazil's House to decide on impeachment by end-March: speaker (Reuters).

KEEP SCROLLING TO THE END ...WE STILL GOT LOTS MORE .......

Revenge is a Poison meant for others, which we end up swallowing ourselves. Vengence is a Dark Light that blinds all who seek it. Don’t argue with Idiots.. They will bring you down to their level and beat you with experience.

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Message from The Editor: Hello peeps! . We do hope that you will come back for more . This is only the beginning!!

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