the articles & research center news
Like all net commodities exporters, Brazil has been hit hard by falling prices, to say nothing of the political crisis it is going through. After the suspension of Dilma Rousseff, Michel Temer, her vice-president, is serving as interim president.
Strategy and Economic Research at Amundi
Are markets legitimately fearful? Last summer, the engine went out of whack. The financial markets have been gloomy, as everything has a pessimistic interpretation. How did we come to this? Do we have to significantly revise our economic and financial outlooks?
Philippe ITHURBIDE, Pascal BLANQUE, Vincent MORTIER, Eric BRARD, Romain BOSCHER, Loïc BECUE, Raphaël SOBOTKA
GDP stagnated in the first quarter of 2015. The weather does not explain the entire situation. The dollar’s appreciation has an impact on activity that is comparable to a tightening of monetary conditions. Should we fear the end of the cycle? In terms of profi ts, yes, but in terms of economic activity, it is still premature.
Head of Macro Economics