Brazilian economy has biggest monthly drop in May, BC shows, after truckers strike
By Marcela AyresBRASILIA (Reuters) - The Brazilian economy shrank in May in the most intense way it has ever seen, reflecting the strong effects of the truckers' strike that hurt ...
By Marcela AyresBRASILIA (Reuters) - The Brazilian economy shrank in May in the most intense way it has ever seen, reflecting the strong effects of the trucker strike that directly undermined activity and further shaken business and consumer confidence.The Central Bank Economic Activity Index (IBC-Br), a kind of Gross Domestic Product (GDP) flag, released on Monday, fell 3.34 percent in May over the previous month.It was the worst monthly reading in the indicator's historical series, which began in 2003.Reuters polls were expected to fall by 3.45 percent in May, in the median projections of experts consulted."The strike came and is the main factor yes. But there were already many indications that the economy would not show such expressive results," said the analyst of consultancy Trends Lucas Souza, citing declining trajectory of confidence indices."The fall (of May) should be partially reversed in June and in the coming months. But, given the nature of the instability tha...
>>> Veja o artigo completo (Fonte)
- Two suspects arrested for attempted robbery in Curicica
- Finance confirms advance payment of BNDES to Treasury
- City Hall will pay cut-off days of striking teachers
- Group hits the accumulated Mega-Sena, but Lottery does not register the bet
- Trump speaks after report on former FBI director
- Gravata? pharmacy is caught selling over-the-counter medicine
- Cachoeiro exceeds goal of children vaccinated against measles and polio
- Casa Nova Tea and The Quatrilho are options for weekend in Porto Alegre
- MPF and 6 other agencies report "abuse" against Samarco disaster victims
- Impeachment lawyer supports homelessness sterilization
- Spanish brand creates the world's largest towel
- Department stores become target of robbers in Rio
- Japan needs sales tax hike in 2017 for fiscal sustainability, says IMF
- Body found in Sao Paulo is missing police, says PM
- Mosque residents report lack of collection and trash and asphalt near city center
- Attacks in Fortaleza Enter Day 4 with 15 Burned Buses
- Diadema - SP currently has 4 km of traffic.
- UBS president says investors may be expecting too much
- Video showing smoker's lung beats 600,000 shares
- Santos fan runs out of tickets for classic against Sao Paulo