MercoPress, en Español

Montevideo, March 29th 2024 - 12:02 UTC

 

 

Lagarde surprised at the ‘very slow’ recovery of the Brazilian economy

Saturday, January 26th 2013 - 21:23 UTC
Full article 4 comments

IMF Managing Director Christine Lagarde said she is unsure about Brazil’s economic outlook despite the country’s official estimate of 3.5% growth this year, since recovery is “very slow” as the 1% of 2012 showed. Read full article

Comments

Disclaimer & comment rules
  • willi1

    next comment of c lagarde:

    “Lagarde surprised at the ‘very low’ recovery of the Argentine statistics.”

    Jan 27th, 2013 - 10:47 am - Link - Report abuse 0
  • LatAm

    she doesn't understand because she chooses not to understand. It's a labor supply problem- unemployment is very low but labor costs go up faster than productivity. State employees being some of the most unproductive and expensive. Also we have bottlenecks that restrict growth Brazil but these issues are actually being addressed. we are in the bottom of the j-curve...

    Jan 27th, 2013 - 05:22 pm - Link - Report abuse 0
  • reality check

    It's not that she does not understand, she has to go by figures and figures alone. That's why the Argentines are at odds with the IMF, because their figures can not be trusted to be true.

    Jan 27th, 2013 - 07:25 pm - Link - Report abuse 0
  • LatAm

    I guess she shouldn't make such public statements then. The bottlenecks in Brazil are astonishing- so much pent up economic activity stuck on the roads and ports and choked up because of red tape. You have to spend time here to really understand it. That is a major opportunity. It is not an issue of lack of demand, it is inefficiency and this can be addressed. Case in point:
    http://www.bloomberg.com/news/2013-01-28/epl-frees-30-port-capacity-to-ease-bottleneck-corporate-brazil.html
    Asinine rules like this have held us back. The fact that Brazil is even growing with such issues amazes me. As the issues are worked through growth will pick up significantly

    Jan 28th, 2013 - 11:01 am - Link - Report abuse 0

Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!