Global Scans · Brazil · Weekly Summary

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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] A report from Christian Aid projects that Brazil could see a 33.1% hit to its GDP growth by 2100 if the world stays on its current path. The Cool Down
• [New] A new study warns that Brazil, the host of the upcoming COP 30 climate summit, is facing a massive economic hit from our planet's overheating. The Cool Down
• [New] Responding to increasingly desperate calls for help, at the COP 30 global climate conference last month in Brazil, countries pledged to triple funding for climate adaptation and make $1.3 trillion in annual climate financing available by 2035. ABC News
• [New] In the future, Brazil's coastline will disappear - the first state to go will be Rio Grande do Sul. The Guardian
• [New] Brazil's state oil company will reduce its capital spending by 2%, hit by falling crude prices, marking a strategic shift under Lula's presidency. Energynews.pro
• [New] Brazil has signalled plans to sell emission reductions abroad, which could undermine its ability to meet stronger future targets. NewClimate Institute
• [New] Brazil's business process outsourcing industry is rising, with anticipated growth to reach $5 billion by 2027. Pearl Talent
• [New] Brazil, one of the largest pet care markets globally, achieved $14 billion in 2023 and is projected to experience the fastest growth among major markets, with expectations of a low double-digit CAGR by 2030. Corporate Finance Associates
• [New] Russia's System for Transfer of Financial Messages, China's Cross-Border Interbank Payment System, India's Unified Payments Interface (UPI), and Brazil's Pix will be linked for instant, secure, low-cost cross-border transfers. Drishti IAS
• [New] Brazil has been named Travel + Leisure's 2026 Destination of the Year, celebrating its unmatched diversity of landscapes, cultures, and experiences. Trawick International
• [New] Brazil's Supreme Court is expected to decide in 2026 whether an employment relationship exists between drivers and ride-hailing apps, the so-called uberization of work. valorinternational
• [New] One example of successful reform is Brazil's national school feeding program, which has removed most UPFs and will require 90% of school food to be fresh or minimally processed by 2026 (paper 2, panel 4). ScienceDaily
• [New] Among the major producing regions, Brazil, the US and Canada are all expected to see lower beef production. Just Food
• [New] COP 30, held in Belem, will show the limits of Brazilian soft power in leading the global environmental agenda while increasing oil production, expanding the fossil fuel frontier, and boosting agribusiness that exacerbates the climate crisis and its extreme weather events. International Viewpoint - online socialist magazine
• [New] The Devastation Bill directly threatens the Brazilian coastal zone - a region already extremely vulnerable to erosion, rising sea levels, and pressure on traditional fishing territories. Instituto Socioambiental - ISA
• [New] Projects in environmentally sensitive areas, such as roads and other large-scale works in the Amazon, could be carried out quickly and without environmental safeguards, increasing Brazil's greenhouse gas emissions, in direct contradiction with the COP 30 agenda. Instituto Socioambiental - ISA
• [New] Brazil is one of the countries that will be most affected by global climate change. EurekAlert!
• [New] The overall offshore crude and natural gas production is likely to increase by 2030, particularly in countries such as Iran, Qatar, and Brazil due to large undeveloped offshore reserves, and improving offshore technologies that optimize costs and improve resource recovery. Yahoo Finance
• [New] Wabtec will establish a global engineering center in Brazil (Railway Technology). New Energy Industrial Strategy (NEIS) Newsletter

Last updated: 09 December 2025