Brazil exceeds primary budget surplus target and keeps net debt under control

Friday, July 1st 2011 - 03:14 UTC

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Brazil’s primary budget surplus exceeded expectations in May, providing additional support for the central bank in its efforts to cool the fastest inflation since 2005. The bank also revealed that net debt for May was 39.8% of GDP. Read full article

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GeoffWard2
The overheating of the Argentinean and the Brasilian economies needs putting into context alongside the other ‘emerging economies’. The Economist has come up with six indicators across many countries, and a composite indicator.

It is shown that the ‘official’ data for Argentina is a serious understatement/overstatement across the economic indicators; and it shows that Brasil’s position gives cause for a number of concerns also, although the situation is potentially manageable.

http://www.economist.com/node/18895150

http://www.economist.com/node/18895150
Jul 04th, 2011 - 04:05 pm - Link - Report abuse 0
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