Some softening of renewal terms is possible, but the government’s determination to reduce the ‘Brazil cost’ is clear.
Local economists have been quick to criticise the government’s moves to loosen the purse strings.
Industrial and infrastructure projects are moving forward, with concerns about profitability still secondary.
Recent price pressures are unlikely to change the central bank.
Consolidating Brazil’s recovery will ultimately require more heavy lifting. Government investment plans and the resilience of the Chinese economy should provide medium-term support.
As the slowdown lasts longer than expected, the lending panorama is flat
Local economists argue for even more focus on the domestic market.
Employment data for August paint contrasting pictures, but our survey of recruiters emphasises sluggishness
The Rousseff administration and leading Brazilian exporters are consolidating the work of the previous decade, with consumer companies well placed to benefit from markets in Africa and the Middle East.
Local commentators debate the implications of a political spat between the president and her predecessor-but-one.