US Jobs: The Weight of the Public Sector
The public sector accounted for 57% of the decline in job creation since 2024. Now, the labor market is showing signs of recovery.
Read more
External Accounts Withstand the Oil Shock
A lower external deficit and a growing oil trade surplus leave Brazil well positioned amid the global crisis. Higher oil prices could further support the trade balance and...
Read more
Directed Credit Fuels Rising Debt
Fiscal stimulus and directed credit weaken monetary policy transmission. As credit grows faster than inflation, households and companies face rising debt burdens and delinquency.
Read more
Costs Keep Inflation Under Pressure
Higher labor costs and rising import prices continue to reinforce inflationary pressures in the United States. Even before the full impact of the oil shock, inflation remains on...
Read more