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Stalled; Brazil's Economy
Oleh:
[s.n]
Jenis:
Article from Bulletin/Magazine
Dalam koleksi:
The Economist (http://search.proquest.com/) vol. 405 no. 8814 (Dec. 2012)
,
page 54-55.
Topik:
Economic Conditions
;
Economic Growth
;
Statistical Data
Ketersediaan
Perpustakaan Pusat (Semanggi)
Nomor Panggil:
EE29.74
Non-tandon:
1 (dapat dipinjam: 0)
Tandon:
tidak ada
Lihat Detail Induk
Isi artikel
Brazil's third-quarter figures published on November 30, 2012 were a shock. The government had convinced independent economists that a weaker currency, lower interest rates, and a cut in sales tax on cars and white goods would prompt a healthy expansion of 1.2% compared with the previous quarter. In the event, the figure was just 0.6%. The national statistics institute also slashed its estimate of second-quarter growth, from 0.4% to 0.2%. The Central Bank has reduced the policy interest rate from 12.5% in mid-2011 to a record low of 7.25%; it has also pushed state banks to cut spreads and to lend more. The only good news for the government was that consumption by households is still growing, albeit at a slower pace than in the recent past. That, and keeping inflation under control, are the recipe for political popularity in Brazil.
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