Brazil’s third-quarter GDP disappointed analysts with 0.6% versus a market consensus of 1.2%. revisions in GDP growth forecasts for both this year and 2013. Main surprises Private consumption was up 0.9% but investment decreased (-2.0%) and government spending (+0.1%) came as the main surprises, according to ITAU BBA research. What did well? Agriculture sector with 2.5% while the industryContinue reading “Brazil’s GDP disappoints but tax burden is record”
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Flexible economic institutions
Has Brazil created flexible and creative structures to deal with volatile economic cycles? Survival of the quickest Nov 12th 2009 From The Economist print edition Frequent crises have made for strong banks and nimble financiers BRAZILIAN businessmen often say that the country’s recent economic past has strengthened companies, and especially banks. The argument goes likeContinue reading “Flexible economic institutions”
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