What’s going on with the Brazilian currency? Like many ’emerging market’ countries around the world, Brazil has recently been unpleasantly reminded just how linked its fortune is to the decisions of the United States, and the Federal Reserve. The real has been all over the place since 2008, making things quite difficult here, and that has(…)
Arquivo - Tag: Mantega
Brazil economy – bad news
Guido Mantega – Taking heat. In the last 3-4 days, international opinion on the Brazilian economy has turned. It all started last week, when Guido Mantega, Brazil’s Finance Minister, predicted the beginning of a turnaround in the country’s economy. Then the actual third quarter results came out, far below what he, and even the most(…)
2012 – the year of the “Global Currency War”?
Guido Mantega, Brazil’s powerful finance minister, said this week that global economic growth will slow in 2012, leading to an intensification of the destructive “currency war”. Does this mean that we may see more government intervention in the Brazilian exchange rate, or simply that Brazil has not tired of dishing out acerbic critiques of the(…)
