From January to September 2023, Brazil’s leftwing government reported a $22 billion deficit. This is a stark contrast to the $9 billion surplus during the same period in 2022 under Bolsonaro. The National Treasury highlighted these figures, pointing to a concerning fiscal shift. Finance Minister Fernando Haddad had initially set a $24 billion deficit limit […]
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Ibovespa Edges Up with Key Stocks in Focus
The Ibovespa index modestly climbed at March’s onset, echoing trends from Wall Street. It finished the day up 0.12%, at 129,180.37 points, despite a slight weekly dip of 0.18%. The spotlight was on Brazil’s economic data. The nation’s GDP saw no quarter-on-quarter growth in Q4 2023 but rose 2.9% across the year. Revisions showed Q3’s […]