Brazil’s economy is emerging from a difficult few years—but when analysing its prospects, a positive, long-term view is warranted, based on the country’s important position in world trade. With a little help from its friends and its own internal enterprise, this major South American economy, the world’s ninth largest by nominal GDP, has every reason to expect a triumphant comeback.
Paying a fee to deposit money in a bank savings account is a concept most people cannot fathom, but German banks have begun to charge wealthier retail customers. Bank managers claim this is a result of the ECB’s negative interest rates, which penalize them for holding funds with the ECB.
Chile, one of Latin America’s most resilient economies, has not been shielded from recent global headwinds, such as low commodity prices and slow growth of key trading partners. Even so, the country is well equipped to exploit the opportunities of economic diversification, banking partnership and international trade.
Earlier this year, the European Central Bank (ECB) decided to cut its deposit rate to -0.4 percent and its benchmark refinancing rate to zero.