Brazil Country Risk Report Q2 2016 - New Market Research Report

From: Fast Market Research, Inc.
Published: Tue Feb 23 2016

Over the long-term, Brazil will only experience modest levels of growth as structural headwinds limit any quick economic solutions to the challenges faced from falling global commodity prices. Growth will only return to the economy following a two consecutive years in recession in both 2015 and 2016.

The Banco Central do Brasil will back down from its promise to cut rates in 2016 and will instead hike the benchmark Selic rate by 150 basis points in 2016. Inflation has continued to accelerate despite the bank's attempts to stymie price increases through over 700 basis points of rate hikes in the past two years. Capital has continued to flow out of Brazil, putting depreciatory pressures on the real, feeding through to rising import costs.

The widespread public protests that took place in June 2013 marked a turning point for the Brazilian electorate. Public unrest will flare up intermittently until significant progress on promised reforms, including higher-quality public services and greater government transparency, begins to take shape. In line with this view, an ongoing corruption scandal at national oil company Petrobras will continue to drive public protests in the coming months.

Full Report Details at

Major Forecast Changes

We have downgraded our 2015 real GDP growth estimate to -3.1%, from -2.7% previously. Significant labour market deterioration helps to underpin this forecast change, as private consumption will be more subdued than we previously anticipated.

We now expect Brazil recession to deepen in 2016, revising our real GDP contraction in 2016 to be 3.4%.

We have revised up out benchmark Selic rate forecast for 2016. We now expect the Banco Central do Brasil to hike rates to 15.75% from 14.25%. This is a revision from our previous expectation for the bank to begin a rate cutting cycle in 2016 to spur growth.

Assess your risk exposure in Brazil with our 100% independent forecasts assessing the pace and stability of this key market. Backed by trusted data from BMI Research's 52 million data point economic forecast model, this report will allow you to measure political, economic, business environment and operational risks in Brazil with confidence.

Your subscription service includes:
Delivery of the report in print, PDF and online formats
The functionality to translate your online report into your choice of 10 languages - Arabic, Chinese, French, German, Italian, Japanese, Korean, Portuguese, Russian and Spanish
The ability to export data and graphs from the online report directly into your workflow
The support of a dedicated Account Manager to answer any questions you might have about your subscription
Access to our team of leading analysts who will be happy to answer any questions you might have about the data and forecasts included in this report

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Cote d'Ivoire Country Risk Report Q2 2016
- France Country Risk Report Q2 2016
- Botswana Country Risk Report Q2 2016
- Kenya Country Risk Report Q2 2016
- Philippines Country Risk Report Q2 2016

Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
Contact Email:
Contact Phone: 1-413-485-7001

Visit website »