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Non-Tech : The Brazil Board -- Ignore unavailable to you. Want to Upgrade?


To: Glenn Petersen who wrote (2152)6/3/2021 10:00:33 AM
From: elmatador  Respond to of 2504
 
The article is slanted for an American readership

Brazil exceeds 100 million distributed doses of coronavirus vaccine

Brazil exceeded 100 million doses of vaccine against Covid-19 distributed throughout the country since the launch of its national vaccination plan on January 18

No lack of vaccines
Brazil is the 4th country that vaccinates in the world.
Iwhin this year, all Brazilians who want to be vaccinated (me NOT included) will get the jab.

Brazil now becomes the 5th country in the world to produce vaccines.
Yesterday Brazil signed a technology transfer agreement between Astra Zenica and Fiocruz.

All good.

Now for the angle of the article:

The American journalists are being paid by Brazilians interested in the international campaign financing got to Lula or the so-called Third Way.
Thus these guys are painting the situation with dark colors. They want to do a Trump election outcome in Brazil
Guess what? They will fail because Brazilians vote with their pockets.



To: Glenn Petersen who wrote (2152)6/3/2021 10:02:19 AM
From: elmatador  Respond to of 2504
 
Brazilian Real Vs USD
Look how it compares with other currencies

And

Brazilian Real Up
BOVESPA Up
tradingview.com
GDP Up




To: Glenn Petersen who wrote (2152)6/3/2021 10:20:00 AM
From: elmatador  Respond to of 2504
 
BofA, Goldman Boost Brazil Growth Bets After Solid First Quarter

First quarter GDP grows 1.2% q/q, above estimate by economists

Brazilian real jumps to highest level this year after release

By Andrew Rosati

1 de junho de 2021, 13:08 WEST Updated on 1 de junho de 2021, 16:30 WEST

Analysts from Goldman Sachs Group Inc. and Bank of America Corp. see Brazil’s economy growing faster this year after a better-than-expected first quarter that was driven by investment and booming agriculture.

Goldman increased its growth forecast for Latin America’s largest economy to 5.5% from 4.6%, while BofA raised its projections to 5.2% from 3.4% after Tuesday’s data release by the national statistics agency.

“Concerns about the slowdown in first quarter activity were exaggerated,” David Beker, BofA’s Chief Brazil economist, said in an interview. “We expect the economy to recover visibly in coming quarters,” Goldman’s Alberto Ramos wrote in a note.

Brazil’s gross domestic product increased 1.2% in the first quarter from the previous three-month period, more than the 0.9% median estimate from analysts in a Bloomberg survey. From a year prior, the economy grew 1.0%, the statistics agency reported.?



The recovery took place even if challenged by fresh restrictions on commerce and movement meant to help combat new, more contagious variants of the virus. Cash handouts for the most vulnerable Brazilians, the centerpiece of President Jair Bolsonaro’s stimulus package, were also paused during the quarter. Still, recent indicators such as retail and industrial output have topped forecasts.

What Bloomberg Economics SaysThe Brazilian economy showed surprising resilience in the first quarter, maintaining a strong pace despite the hiatus in emergency cash handouts, a first rate hike and the surge in Covid-19 cases. The rise in the investment and savings-to-GDP ratios bode well for growth in both the near and medium-term. The pandemic remains a key factor for the near-term outlook, as does the policy uncertainty -- which will weigh on the currency, interest rates and confidence.

--Adriana Dupita, Latin America Economist

--Click here for full report

Agriculture and investments drove growth, up 5.7% and 4.6%, respectively, during the quarter. Meanwhile, family consumption slipped 0.1%.

Swap rates on the contract due in January 2022, which indicate investor expectations for monetary policy, rose 5 basis points to 5.11% in morning trading. The real strengthened 1.1% to 5.1603 per dollar, the best performance by a major currency on Tuesday.

Benign OutlookPolicy makers and private sector analysts are becoming increasingly confident that growth can surpass 4% this year. Economy Minister Paulo Guedes echoed private estimates, saying Tuesday’s release signaled strong expansion for the rest of the year.

But those hopes are largely pinned on bets immunization campaigns will gain momentum in the second half, even as the government struggles in sourcing shots and inputs. Brazil continues to suffer one of the world’s worst coronavirus outbreaks, registering 860 deaths from the virus on Monday.

The central bank also began increasing its interest rate in March as higher commodity costs and lagged effects from government spending fueled consumer prices. Annual inflation stood at 7.3% in mid-May, above the bank’s 2021 target of 3.75%.

The recovery is likely to continue gaining momentum despite the worsening of the pandemic late in the quarter, with factors including fiscal and monetary support helping growth, according to Andres Abadia, an economist at Pantheon Macroeconomics.

“The outlook in the near term is benign,” he wrote in a research note.

— With assistance by Josue Leonel

(Recasts headline, lead; adds Goldman, BofA forecasts and comment by the Economy Minister)



To: Glenn Petersen who wrote (2152)10/11/2021 6:45:43 AM
From: elmatador  Respond to of 2504
 
Leadership Insights: Brazil Central Bank Governor Roberto Campos Neto

Roberto Campos Neto, President of the Central Bank of Brazil, discusses the bank’s outlook and possible future risks with Global Finance.


https://www.gfmag.com/magazine/october-2021/brazil-central-bank-roberto-campos-neto-interview



To: Glenn Petersen who wrote (2152)12/10/2021 8:27:34 AM
From: elmatador  Read Replies (1) | Respond to of 2504
 
PBR
Debt in 2014 - $160 billion
Debt in 3Q/2021 - U$60 billion

In seven (7) years, Petrobras reduced its debt by more than US$100 billion, anticipating the target by one year, I highlight: "with a balanced technical management".

Equivalent oil production: 2.83MM bpd (boed)
Sales: + 10.7%
Refining Production: +11%
Refining Utilization Factor: 2Q/21 = increased from 75 to 85%, in 3Q/21 by 90%