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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Temer Passed Economic Reforms to Lift Brazil Economy

February, 03 2017
watermark Economic news

Brazil’s President Michel Temer stated his plans to generate an economic reform programme which could support the country’s stock market and currency, Brazilian Real (BRL) as well as to edge over the emerging markets. Temer further mentioned about the possible risk of a trade war within the region against the Mexico and Washington. Including China’s intention of putting a seal towards their trading partnership with the United States.

The pro-business government of Temer emerged after the August impeachment of Dilma Rousseff. The administration legislates a landmark law which limits an increase in the government spending to zero in real terms and planning to undertake another reform with regards to labor, education and tax law prior to the 2018 elections.

The second largest economy in America experience an economic turmoil for the second time during 2016, showing a decline of 3 percent rate. Moreover, the BRL gained 20 percent 12 months ago versus the US dollar. The stock market beef up by 37 percent in terms of local currency.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.