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2014–2016 Brazilian Economic Recession
From mid-2014 until late 2016, Brazil experienced a severe financial crisis#Wider economic crisis, economic crisis. The country's gross domestic product, Gross Domestic Product (GDP) fell by 3.5% in 2015 and 3.3% in 2016, after which a small economic recovery began. That recovery continued until 2020, when the COVID-19 pandemic in Brazil, COVID-19 pandemic began to impact the economy again. The economic crisis occurred alongside a political crisis that resulted in the Impeachment of Dilma Rousseff, impeachment of president Dilma Rousseff. These events combined caused mass popular dissatisfaction with the political system. The cause of the crisis was the aforementioned political crisis, as well as the Commodity price shocks#Second half of 2014, 2014 commodity price shock, which negatively affected Brazil's exports and reduced the entrance of foreign capital into the economy. However, the most important cause was internal, which is associated with economic measures that didn't achie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Agência Brasil
Agência Brasil (ABr.) is a nationwide Public service, public news agency, run by the Federal government of Brazil, Brazilian government. The agency was founded in 1990 and is part of public media corporation Empresa Brasil de Comunicação (EBC), created in 2007 to unite two government media enterprises Radiobrás and TVE (TVE Brasil (Brazilian network), Televisão Educativa). It publishes under the Creative Commons license, CC-BY license. ABr is one of the most important List of newspapers in Brazil, Brazilian news agencies, that feeds thousands of regional newspapers and websites throughout Brazil but also national media outlets like O Estado de S. Paulo, Estadão, O Globo, Folha de S.Paulo, Universo Online, UOL and Terra (company), Terra and according to its Chief executive officer, CEO, reaches more than 9 million people each month. Agência Brasil has a team dedicated in translating journalistic content to English and Spanish. The Agency also works with public news entities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ministry Of Finance (Brazil)
The Ministry of Finance () was created in 1808 with the title ''Secretaria de Estado dos Negócios do Brasil e da Fazenda''. The ministry is responsible for formulating and implementing the country's economic, fiscal and financial policy under the President's supervision. As of January 1, 2023, Fernando Haddad is the Minister of Finance. See also *List of ministers of finance of Brazil References External links * Brasil Economy An economy is an area of the Production (economics), production, Distribution (economics), distribution and trade, as well as Consumption (economics), consumption of Goods (economics), goods and Service (economics), services. In general, it is ... Brazil, Economy {{Brazil-gov-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Antonio Palocci
Antonio Palocci Filho (born 4 October 1960) is a Brazilian physician and politician, and formerly Chief of Staff of Brazil under President Dilma Rousseff. He was the finance minister of the Brazilian federal government from 1 January 2003 to 27 March 2006, when he resigned in the wake of reports of conduct unbecoming of his office during the presidency of Luiz Inácio Lula da Silva. He resigned as chief of staff on 7 June 2011. Early life and career Palocci was raised in Ribeirão Preto, in the state of São Paulo. His father was an artist and teacher. During his youth as a medical student at the University of São Paulo’s Ribeirão Preto Medical School, Palocci took part in several radical movements. He was one of the founders of the Workers' Party and was its president in São Paulo from 1997 to 1998. After graduation, Palocci worked for five years as a civil servant at the Ribeirão Preto regional office of the São Paulo State Public Health Secretariat. He implemented ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mensalão Scandal
The Mensalão scandal (, ) was a major parliamentary alleged vote-buying scandal by Luiz Inácio Lula da Silva's administration that threatened to bring down his government in 2005. ''Mensalão'' is a neologism, an augmentative variant of the word for "monthly payment" (''salário mensal'' or ''mensalidade''). The scandal broke on June 6, 2005 when Brazilian deputy Roberto Jefferson ( Brazilian Labour Party) told the '' Folha de S.Paulo'' newspaper that the ruling Workers' Party (PT) had paid a number of deputies 30,000 reais (around US$12,000 at the time) a month to vote for legislation favored by the ruling party. The funds allegedly came from state-owned companies' advertising budgets, funneled through an advertising agency owned by Marcos Valério. The investigation then implicated members of the Brazilian Social Democracy Party, Democrats, Brazilian Democratic Movement Party and seven other political parties also involved. Many key advisers to Lula resigned, and severa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Datafolha
Datafolha is Grupo Folha's polling institute, founded in 1983 as the research department of Empresa Folha da Manhã S. A., and later on became a separate company able to serve external clients, from 1990. In 1995, it became a separate business unit within Grupo Folha, a group of companies to which newspaper Folha de S.Paulo belongs. Datafolha conducts statistical surveys, election polling, opinion and market surveys, both on behalf of other Grupo Folha units and for the market at large. The company does not offer polling services or government evaluations for public administrations, political parties, candidates or political figures. In February, 2016, the company had completed more than six thousand studies, totaling more than nine million interviews. Datafolha was created by Luiz Frias (born in 1964), the president of the board of directors of Grupo Folha and Universo Online (UOL) headquartered in São Paulo, Brazil. Controversies Anti-government protests of 2016 March ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Aécio Neves
Aécio Neves da Cunha (; born 10 March 1960) is a Brazilian economist, politician and former president of the Brazilian Social Democracy Party (PSDB). He was the 17th List of Governors of Minas Gerais, Governor of Minas Gerais from 1 January 2003 to 31 March 2010, and is currently a member of the Brazilian Chamber of Deputies. He lost in the runoff 2014 Brazilian general election, presidential election against Dilma Rousseff in 2014. Biography Born in Belo Horizonte in the state of Minas Gerais, Neves was the youngest governor in the state's history. He began his political career as a personal secretary of his grandfather, Tancredo Neves, who was elected President of Brazil in 1985, but died before taking office. Aécio Neves served the World Federation of Democratic Youth in 1985 and four terms as an elected deputy for the Brazilian Social Democracy Party in the Chamber of Deputies of Brazil, Federal Chamber of Deputies from 1 February 1987 to 14 December 2002, representing M ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Brazilian Social Democracy Party
The Brazilian Social Democracy Party (, PSDB), also known as the Brazilian Social Democratic Party or the Party of Brazilian Social Democracy,. is a Centre-right politics, centre-right political party in Brazil. As the formerly third largest party in the National Congress of Brazil, National Congress, the PSDB was the main opposition party against the Workers' Party (Brazil), Workers' Party (PT) administrations of Luiz Inácio Lula da Silva and Dilma Rousseff from 2003 to 2016. Born together as part of the social democratic opposition to the Brazilian military dictatorship, military dictatorship from the late 1970s through the 1980s, and later shifting toward neoliberalism and liberal conservatism in the 1990s, the PSDB and the PT have since the mid-1990s been the bitterest of rivals in current Politics of Brazil, Brazilian politics—both parties prohibit any kind of coalition or official cooperation with each other at any government levels. The PSDB's mascot is a blue and yel ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dilma Rousseff
Dilma Vana Rousseff (; born 14 December 1947) is a Brazilian economist and politician who served as the 36th president of Brazil from 2011 until her impeachment and removal from office on 31 August 2016. She is the only woman to have held the Brazilian presidency. Since March 2023, she has been the Chair of the New Development Bank. She also served in the cabinet of Luiz Inácio Lula da Silva during his first presidency—first as Minister of Mines and Energy, from 2003 to 2005, then as Chief of Staff from 2005 to 2010. Rousseff was raised in an upper middle class household in Belo Horizonte. She became a socialist in her youth. After the 1964 coup d'état she joined left-wing and Marxist urban guerrilla groups that fought against the military dictatorship. Rousseff was captured, tortured, and jailed from 1970 to 1972. After her release, Rousseff rebuilt her life in Porto Alegre with her husband Carlos Araújo. They both helped to found the Democratic Labour Party (PDT) in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Operation Car Wash
Operation Car Wash (, ) was a landmark anti-corruption probe in Brazil.Kurtenbach, S., & Nolte, D. (2017). Latin America's Fight against Corruption: The End of Impunity. GIGA Focus Lateinamerika, (03). Beginning in March 2014 as the investigation of a small car wash in Brasília over money laundering, the proceedings uncovered a massive corruption scheme in the Brazilian federal government, particularly in state-owned enterprises. The probe was conducted through antitrust regulator. Evidence was collected and presented to the court system by a team of federal prosecutors led by Deltan Dallagnol, while the judge in charge of the operation was Sergio Moro. Eventually, other federal prosecutors and judges would go on to oversee related cases under their jurisdictions in various Brazilian states. The operation implicated leading businessmen, federal congressmen, senators, state governors, federal government ministers, and former presidents Collor, Temer and Lula. Compa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidy
A subsidy, subvention or government incentive is a type of government expenditure for individuals and households, as well as businesses with the aim of stabilizing the economy. It ensures that individuals and households are viable by having access to essential goods and services while giving businesses the opportunity to stay afloat and/or competitive. Subsidies not only promote long term economic stability but also help governments to respond to economic shocks during a recession or in response to unforeseen shocks, such as the COVID-19 pandemic. Subsidies take various forms— such as direct government expenditures, tax incentives, soft loans, price support, and government provision of goods and services. For instance, the government may distribute direct payment subsidies to individuals and households during an economic downturn in order to help its citizens pay their bills and to stimulate economic activity. Here, subsidies act as an effective financial aid issued when t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
