Morgan Stanley recently updated its perspective on the Brazilian stock market following a rally that started last November and lost momentum by early 2024. The Ibovespa index, having climbed over 10%, prompted the bank’s analysts to proceed with caution. They now see fewer opportunities for growth and are adjusting their approach accordingly. The team, headed […]
Related Posts
São Tomé Workers Skip Social Security Contributions
About 70% of São Tomé and Príncipe’s workers don’t pay into Social Security, especially those in informal sectors. The Social Security director, Gilmar Benguela, aims to change this to tackle poverty. He says, “For the system to be strong, many must contribute. There’s a clear link between informality and poverty.” Nearly 70% of São Tomé […]
A year review: João Lourenço’s re-election and the unfulfilled promises of prosperity in Angola
Angola, a Portuguese-speaking country on the southwestern coast of Africa, is known for its rich cultural heritage and vast natural resources, especially oil. Historically, it has faced economic challenges despite its wealth in natural resources. One year ago, João Lourenço was re-elected for a second five-year presidential term following MPLA’s win in the general elections […]
The soybean complex accounts for 6.3% of Brazil’s GDP
In 2023, the soybean complex is expected to account for 6.3% of Brazil’s Gross Domestic Product (GDP), generating an estimated R$691 billion (US$142 billion) this year. Roughly R$200 billion (US$ 41 billion) will be produced from raw grains. Approximately R$120 billion US($24.7 billion) comes from crushing and producing inputs, feeds, biodiesel, meal, and oil. The […]