from BBC NEWS Brazil’s economy grew at its fastest rate in at least 14 years in the first three months of 2010, official figures have shown. Its gross domestic product (GDP) surged by 9% compared with the same period a year earlier. However, higher interest rates and the withdrawal of some tax breaks are expected [...]
Posts Tagged ‘growth’
Brazilian economy expands almost twice as fast as the pace of the U.S.
Brazilian economy expands almost twice as fast as the pace of the U.S. The country´s economy is growing at the fastest pace since 2007. Brazilian President Luiz Inacio Lula da Silva said in October that his country will become the fifth-biggest economy in the world by 2016, leapfrogging France, the U.K. and Italy. An study released last [...]
IMF raised its forecast for Brazil´s growth in 2010
The International Monetary Fund (IMF) raised its forecast for global growth this year. Emerging and developing economies including Brazil and Russia will grow 6.3% in 2010, a 0.3 percentage point increase from the previous forecast. Next year they will expand 6.5 percent, the fund said. In Latin America, only Uruguay and Peru will have a better [...]
Brazilian economy to grow at least 5.5% in 2010
A surge in consumer demand and a strong recovery in investment suggest Brazil’s economy is on course to grow at least 5.5 per cent this year, according to data released by its national statistics office. Consumption by families increased 7.7 per cent in the fourth quarter of 2009 against the same period in 2008. Investment [...]
Brazil is still booming
In its recent The World Economic Outlook, the International Monetary Fund (IMF) revised up global forecasts to near 4% in 2010. According to the report, the global economy, battered by two years of crisis, is recovering faster than previously anticipated, with world growth bouncing back from negative territory in 2009 to a forecast 3.9 percent [...]
A Brazilian livestock firm has grown to prize-winning size
From Economist.com JBS spreads its wings Unless you work with quadrupeds, it may have escaped your notice that a Brazilian company, JBS, is about to become the world’s largest processor of meat. Its recent acquisition of Pilgrim’s Pride, a big chicken processor in America and Mexico, and a pending merger with Bertin, another Brazilian firm, will [...]
Brazilian company invests in sustainability
Vale is a Brazilian pioneering mining company that is present all over the world. The result of its work can be found in most things from cars to mobile phones, household appliances, computers and construction components. Vale has caught my attention because it has created the Vale Foundation, an institution that develops social programs to contribute to [...]
Brazil´s wireless market is booming as Vivo announces record growth
From Reuters (Tais Fuoco) * Q4 net income jumps to 215.5 mln reais vs 26.2 mln * 2008 profit 389.7 million reais vs loss 99.8 mln * Sees Brazil’s wireless market continuing to expand * Seen “a small growth” in January Brazil’s largest mobile phone company Vivo Participacoes (VIVO4.SA)(VIV.N) said on Friday its fourth-quarter profit [...]
Carnival climate in Brazil, as property market celebrates new record growth
The property market in Brazil has celebrated the news that a new record growth has been achieved, to show that the credit crisis has not reached the South American country. Housing credit has closed 2008 with 299.746 properties financed, the highest number ever and a rise of up to 53% over 2007. According to ABECIP [...]
OECD: Brazil is the least affected by economic slowdown
The global financial crisis is not expected to lead to a major economic downturn in Brazil, a new study has concluded. According to the Organisation for Economic Cooperation and Development (OECD), prospects for the South American country remain favourable in comparison with many other countries. Indeed, the OECD’s composite leading indicators showed that the nation [...]