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Brazil sees contraction for 2015

Apr. 16, 2015 3:54 AM ETBZF, EWZ, BRF, BZQ, BRXX, UBR, BRAZ, BRAQ, BRAF, EWZS, DBBR, FBZ, BRZUBy: Yoel Minkoff, SA News Editor
  • According to forecasts for the country’s 2016 budget proposal, Brazil’s economy will contract 0.9% in 2015 and grow 1.3% in 2016.
  • "Our goal is to get the economy to recover as soon as possible," Budget Minister Nelson Barbosa said. "We expect recovery to start as soon as in the second half of this year."
  • The government also forecast an inflation rate of 8.2% for 2015 and 5.6% for next year.
  • ETFs: EWZ, BRF, BRZU, EWZS, BRXX, BRAQ, BZQ, BRAZ, BRAF, UBR, DBBR, FBZ, BZF

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