Brazil Economy.pdf

20140123094515768025a.pdf
Preview of Brazil Economy
🔗 Source: static.portaldaindustria.com.br
📊 Size: 696 KB
📄 Pages: 12 pages
⬇️ Downloads: 89

Summary

Brazil's economy is recovering, with 1.9% GDP growth in the second quarter of 2009, driven by a 2.1% rise in household consumption. However, investments have stabilized but not recovered, and industry is still suffering, with a 7.9% decrease in industrial GDP compared to the same period in 2008. The labor market is recovering, with job creation in the industry sector, and inflation is below the target center after 19 months. Despite this, the Central Bank has decided not to reduce interest rates further. Foreign trade is still down, with exports dropping by 25% and imports by 32% in the accumulated figure up to August 2009. The government has reduced the primary result target for the second time in 2009, and the debt/GDP ratio is expected to rise.

Description

Brazil's economy is recovering, with 1.9% GDP growth in the second quarter of 2009, driven by a 2.1% rise in household consumption.

Technical Information

  • File Format: PDF
  • File Size: 696 KB
  • Pages: 12
  • Language: EN
  • Total Downloads: 89
  • Last Updated: 1 week ago

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