Brazilian real hits all-time low as investors doubt cost-savings plan

Q: How long will it take to read this news story?

The story "Brazilian real hits all-time low as investors doubt cost-savings plan" has 782 words across 27 sentences, which will take approximately 4 - 7 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Brazilian real hits all-time low as investors doubt cost-savings plan" was covered 6 days ago by Financial Times, a news publisher based in United States.

Q: How trustworthy is 'Financial Times' news outlet?

Financial Times is a fully independent (privately-owned) news outlet established in 1888 that covers mostly markets, finance, and investing news. The outlet is headquartered in United States and publishes an average of 15 news stories per day. It's most recent story was published 13 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #24002281</li><li>URL: https://beamstart.com/news/brazilian-real-hits-all-time-17330422091575</li></ul>

Financial Times 6d ago

Brazilian real hits all-time low as investors doubt cost-savings plan - Financial Times

Quick Summary:

Analysts noted overall spending was likely to continue rising despite the proposals, some of which require congressional approval, as the government’s own rules for the public accounts mandate that state expenditure in Brazil must grow annually.

While Brazil’s GDP is expected to expand 3.2 per cent in 2024 and unemployment is close to the lowest point since records began, there are worries in some quarters that the economy is overheating.

The long-awaited proposals, unveiled late on Wednesday, follow mounting concerns over fiscal policy under President Luiz Inácio Lula da Silva, who has promised extra cash for welfare and infrastructure in order to raise living standards for the population of 213mn.