Pantheon Macroeconomics

Best viewed on a device with a bigger screen...

21st Dec 2015 18:00Latin America, Economic Monitor

Brazil's recent political and economics news has shifted the near-term outlook from bad to worse. President Rousseff on Friday replaced hawkish Finance Minister Joaquim Levy, appointed just over a year ago, with a close partner, Planning Minister Nelson Barbosa. Mr. Levy resigned after continued conflicts with the government, including frustration by the Congress of his attempts to rein in the fiscal mess. Mr. Barbosa is known to be less market friendly, and will likely defend countercyclical measures, delaying any rapid fiscal consolidation. The appointment will deteriorate investors' confidence even further, placing the markets under enormous strain.

brazil rousseff levy inflation barbosa investors confidence retail industrial cpi ipca el nino food food prices brl depreciation

Are you taking full advantage of our daily publications?

Pantheon Macroeconomics produce daily publications for U.S., Eurozone, Latin America, UK and Asia, as well as analysis on key data within a few minutes of their release.

U.S. Economic Research
Eurozone Economic Research
Latin America Economic Research
UK Economic Research
Asia Economic Research
 

Sign up for your complimentary trial

To start your complimentary trial, highlight the areas you are interested in subcribing to and click next.

United States

Eurozone

United Kingdom

Asia

Latin America

Next

 
Consistently Right

Access Key Enabled Navigation

Keywords for: 22 Dec. 2015 Miserable Economic And Political News Keeps Coming For Brazil

brazil, rousseff, levy, inflation, barbosa, investors, confidence, retail, industrial, cpi, ipca, el nino, food, food prices, brl, depreciation,