In 2023, Brazil rose to become the ninth largest economy globally, moving up three places, as reported by the Austin Rating. The nation’s GDP grew by 2.9%, hitting R$10.9 trillion ($2.18 trillion USD, using an exchange rate of 5), slightly slower than 2022’s 3% growth. The IBGE revealed this data on March 1, 2024, showing […]
Related Posts
Brazilian Stocks Climb on Tax Reform Progress
The Brazilian Stock Market’s primary index, Ibovespa, saw an increase today due to the recent Senate approval of a significant tax reform. The Senate’s decision, which came through two voting sessions, garnered 53 approvals, opposing 24 disapprovals. The reformed bill will return to the lower house, the Chamber of Deputies, for further debate and approval […]
Taiwan Alarmed by Record Chinese Military Activity
Taiwan urged China to halt “destructive unilateral actions” on Monday after detecting a record 103 Chinese aircraft and nine warships near the island. The Ministry of Defense said this poses a severe challenge to Taiwan Strait security. The ministry warned of a potential rise in regional tensions. China sees Taiwan as a province yet to […]