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Brazil’s February Fire Crisis Quadruples
Brazil faced a dramatic increase in wildfires in February, with the area of burned land skyrocketing by 410% to 950,300 hectares from the previous year. This surge in fire incidents was detailed in a report by the Fire Monitor, part of the MapBiomas Fire network, and coordinated by the Amazon Environmental Research Institute (IPAM). The […]
Brazil’s Economic Outlook Updated by Fitch
Fitch, a top risk assessment agency, has modified its growth predictions for Brazil’s economy. In 2023, the growth forecast is now 3.0%, down from the earlier 3.2%. Yet, 2024 shows promise, with projections increasing from 1.3% to 1.5%. These changes are due to various economic elements. The high Selic rate, Brazil’s base interest rate, is […]