A Fall from Grace; Brazil's Mediocre Economy  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 407 no. 8839 (Jun. 2013), page 11.
Topik: Economic Conditions; Economic Policy; Statistical Data; Investors; Inflation

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Investors have become confused about Brazil's economic policies. This uncertainty has contributed to a mediocre performance: since 2011 growth has been lower and inflation higher than in most Latin American countries. Fortunately, Brazil still has some big strengths, including its farming and energy industries, more science and innovation than you might think and a huge, albeit less fizzy, domestic market. Incipient signs of a return to clearer policy in the past few weeks are welcome. To curb inflation, Alexandre Tombini, the Central Bank governor, has pushed up the benchmark interest rate (though more increases will be needed to restore lost credibility).

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