The Brazilian govervenment has celebrated today as the country’s GDP has grown to 1.8 percent in the third quarter from the second. These are further signs that the South American country is resisting the global recession. According to the official statistics agency, IBGE, the expansion of the gross domestic product was faster than the 1.6 [...]
Posts Tagged ‘downturn’
No recession in Brazil as GDP grows to 1.8%
Posted in Brazil's Economy, tagged Brazil, crisis, downturn, economy, expansion, forecast, GDP, gross domestic product, growth, investment, opportunity, recession, South America on December 10, 2008 | Leave a Comment »
DFG Monitor: Brazil’s economy is resilient to the global financial crisis
Posted in Brazil's Economy, tagged Brazil's Economy, Brazilian banks, Brookings Institution, credit contraction, credit crunch, crisis, defense equipment, downturn, financial markets, Mauricio Cárdenas, petrochemicals, re-industrialization strategy, resilient, RGE Monitor, solid economy, steel on October 22, 2008 | Leave a Comment »
“There are good reasons (…) to believe that Brazil’s economy is resilient to the global financial crisis”. This was the conclusion of Mauricio Cárdenas, Senior Fellow and Director of the Latin America Initiative at Brookings Institution, in an articled published on RGE Monitor. Holding a Ph.D. in economics from the University of California, the analyst [...]
