Latin America Rate Hikes on Tap as Core Inflation Shows No Mercy bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
POLL-Brazil s economy at crunch time for recovery, inflation adds to risks Reuters 2 hrs ago
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By Gabriel Burin
BUENOS AIRES, April 19 (Reuters) - Brazil s economic recovery is at crunch time for meeting lofty quarterly growth expectations just as a sudden inflation spike adds to worries about the coronavirus pandemic s devastation and unconvincing budget plans, a Reuters poll showed.
Growth in Latin America s biggest economy looks on track for completing a V-shaped pickup in the second quarter, after a historic recession resulting from the first hit of COVID-19. Nevertheless, threats continue to mount.
Brazil's economy at crunch time for recovery, inflation adds to risks reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
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Andres Manuel Lopez Obrador came to power promising to make Mexico s economy less dependent on its giant northern neighbor. His pandemic policies are having the opposite effect.
The Mexican president has run one of the world s most austere budgets through the covid-19 crisis, declining to borrow extra money as the economy slumped. The stimulus that prevented an even deeper recession, and is set to drive a rebound this year, is coming from the U.S. instead.
Mexico has benefited in two key ways from the U.S. pandemic spending, which is set to pass $5 trillion with the Biden administration s new bill.