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Temer Passed Economic Reforms to Lift Brazil Economy


二月, 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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外汇本质上有高度的投机性和复杂性,可能并不适合所有投资者。 外汇交易可能会带来重大的收益或损失。 因此,建议您不要承担无法承受的损失。 在使用ForexMart提供的服务之前,请确认外汇交易相关联的风险。 必要时寻求独立的财务意见。请注意,过去的业绩和预测都不是未来结果的可靠指标。