As a doctoral student in economics at the University of Illinois, Alexandre Tombini sent opponents limping off the soccer field with his heavy tackles.
In the Fittie Bar next to Aberdeen’s industrial harbor, where North Sea oil workers come to drink between stints offshore, the debate over Scottish independence is raging.
Chief economists from some of Brazil’s largest banks told senators the country needs more transparent fiscal rules to help improve business confidence and drive economic growth.
Brazil’s inflation rate will remain around 5.5 percent, above the central bank’s target, Itau Unibanco Holding SA’s chief economist told reporters in London.
Yields on Brazilian interest-rate futures contracts fell to a one-month low after the central bank signaled it would maintain its pace of interest-rate cuts at a policy meeting yesterday.
Brazil’s economy will grow at a faster, “Chinese-like rate” this year as a result of a stronger global economy and measures taken to stimulate domestic demand, Itau Unibanco Holding SA said.
Brazil’s economy probably expanded at the fastest pace in President Dilma Rousseff’s tenure in the second quarter, a clip analysts forecast is unsustainable as the central bank raises interest rates and the currency plunges.
"To avoid a downturn in the Brazilian economy, macroeconomic adjustments are needed, with limited room for maneuvering."
- Ilan Goldfajn on Dec 12, 2014