Global Scans · Brazil · Weekly Summary

WHAT'S NEXT?: A recession in Brazil is expected to bottom out with growth turning positive starting in 2017. Its economy is expected to require a long period of fiscal and monetary adjustment after the political turmoil and public discontent of the last two years.

• [New] Brazil is considering lowering the maximum weekly working hours from 44 to 40, Colombia is gradually reducing its weekly limit from 48 to 42 hours by 2026 and Mexico is planning to reduce working hours from 48 to 40 hours and to shift from a six-day to a five-day work schedule. Lewis Silkin
• [New] The Central Bank of Brazil has increased its policy rate by 25 basis points to 15% and suggested it will stay there for a prolonged period - thereby marking a pause, and perhaps an end, to its rapid tightening cycle. Central Banking
• [New] In the Northern Hemisphere, the sowing campaign is already underway and looks favorable, but for South American countries such as Brazil and Argentina, weather will be a key factor in determining the final harvest results. UkrAgroConsult
• [New] At COP 30, Brazil and other nations plan to launch the Tropical Forest Forever Facility, a USD 125 billion initiative to fund tropical forest conservation in eligible Global South countries. Reccessary
• [New] Certain emerging markets - Brazil, Indonesia, and India - are leading growth in biofuel production through mandates and incentives, primarily in road transport, which is expected to increase fuel demand by 27 billion liters. ORF America
• [New] While there is substantial evidence that the available sustainable feedstocks could triple biofuel production by 2030, over 80% of that production occurs in only four countries: the United States, Brazil, Europe, and Indonesia. ORF America
• [New] Brazil, Saudi Arabia, South Africa, and the United Arab Emirates are expected to witness increasing demand due to expanding healthcare access and rising incidence of chronic illness. Market.us Media
• [New] Countries Projected to Decrease Defence Budgets: Countries projected to decrease defence budgets include the United Kingdom, Canada, Australia, Brazil, and Italy. SleepBloom
• [New] Brazil and Mexico are leveraging their solar and wind potential, while the UAE and South Africa are emerging markets investing in decentralized power for greater energy diversification. LinkeWire
• [New] So far, Brazil has experienced favorable weather conditions, making it likely that it will achieve its estimated record soybean production this year. Chinese demand for soybeans drops in 2025
• [New] Latin America: Countries like Brazil and Argentina face hyperinflation risks, prompting private stablecoins pegged to USD or BRL to gain traction. Dzilla Pte. Ltd. - dzilla Wallet, Calculator, Media - d
• [New] For patients younger than 20 years, India will have the most cases, at 307,000, followed by 198,000 in the US; 120,000 in China; 101,000 in Brazil; and 72,000 in Egypt. AJMC
• [New] In 2025, with the Brazilian Presidency of the BRICS Summit, Brazil will play an even more prominent role in articulations with its members and in multilateral forums such as the G20 and COP - 30. brq
• Coarse grain production is expected to increase by 3.4% to a record level, buoyed by solid prospects in Brazil, the EU and especially the US, which is forecast to boost maize output by 6% mostly due to an expansion in sowings. Just Food
• The global sugar trader Alvean forecasts a 2024/25 deficit of 5.5 million tonnes, with a cautious surplus estimate for 2025/26 of 400,000 tonnes, down from an earlier estimate of 1.5 million tonnes, citing Brazilian production constraints. suedzucker.com High-quality Sweetening Solutions from a
• World leaders at the COP 30 Summit in Brazil reached a landmark deal to phase out fossil fuels by 2045, with wealthier nations committing $1 trillion in climate financing for developing countries. Cutmirchi-Entertainmentnewssharingportal
• Canada and Mexico, the largest steel exporters to the U.S., will experience significant impacts, along with Brazil, South Korea and various European suppliers. Straight Arrow News
• Latin America is the only region where profitability is projected to decline, primarily due to currency challenges and potential VAT hikes in Brazil. Focus on Travel News - ftnnews.com
• The steepened tariffs could potentially further escalate tensions between the U.S. and its top steel partners, which include Canada, Brazil, and Mexico. Time
• Non-OPEC sources, particularly the United States, Canada, Brazil, and Norway, are expected to drive supply growth, contributing an additional 1.5 mb/d in 2024 and 2025. Policy Center
• Starting in July, the record Brazilian second corn crop will come, which promises to really take away export demand from the United States in the second half of the year. UkrAgroConsult
• Petrobras's interest in Nigeria is part of a broader strategy to rebuild reserves and diversify its exploration portfolio by investing in new offshore opportunities outside Brazil. Valuechain

Last updated: 24 June 2025