Brazil’s current account deficit decreased to $28.6 billion (1.32% of GDP) in 2023 from the prior year’s $48.3 billion (2.47% of GDP), as reported by the Central Bank. The current account shortfall in December was reported at $5.8 billion, an improvement over the $7.5 billion recorded in the same month a year earlier. This deficit, […]
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Roberto Campos Neto calls for extended autonomy of Brazil’s central bank
In a formal session at Brazil’s Chamber of Deputies on Wednesday, the President of the Central Bank (BC), Roberto Campos Neto, expressed the need to extend the autonomy of the institution, emphasizing that operational autonomy alone is insufficient. The event also paid tribute to his grandfather, the renowned economist, and politician Roberto Campos, who would […]
Brazil’s sugar production projected to surge, S&P Global reports
Brazil’s Central-South region is expected to produce around 3.54 million tons of sugar in the first half of August, marking a notable increase of 34.4% compared to 2022, per S&P Global Commodity Insights’ recent findings. Brazil leads the world in sugar production, contributing 22% of global supply Beneficial weather conditions during this period are predicted […]
How does Israel’s Iron Dome defense system work?
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