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Brazilian Currency Hits Nine-Year Low

Brazilian Currency Hits Nine-Year Low

By Narayan Ammachchi Brazil’s real fell to a nine-year low on Tuesday, with the economy showing all signs of slipping back into the recession. Although Brazil was in recession technically in the first four months of this year, its GDP ...

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Brazil to Make Payroll Tax Breaks Permanent

Brazil to Make Payroll Tax Breaks Permanent

By Narayan Ammachchi The Brazilian government has decided to permanently reduce payroll tax on a wide range of industries, including information technology, call centers and telecommunications, in a bid to reinvigorate slowing employment growth. A temporary measure to provide tax relief was due ...

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External Demand to Bolster LATAM Economy in 2014

External Demand to Bolster LATAM Economy in 2014

By Narayan Ammachchi The economies of Latin America and the Caribbean may expand by 3.2% in 2014, with business activity in Brazil and Mexico showing signs of picking up steam, according to the United Nations economic body for Latin America. ...

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