Brazil’s Tombini anticipates tougher global slowdown than in 2008/09

Tuesday, September 13th 2011 - 07:31 UTC

Full article 2 comments

Brazilian Central bank President Alexandre Tombini said in an interview with the local Valor Economico newspaper that Europe's expected difficulty in implementing a rescue package and slowing global growth are likely to justify the bank's recent surprise cut to interest rates. Read full article

Comments

Disclaimer & comment rules

GeoffWard2
Headline:
“Brazil’s Tombini anticipates tougher global slowdown than in 2008/09”

Bodytext:
“According to Valor, Tombini said the effect of the global slowdown on Brazil will be “one-fourth” as strong as during the 2008-2009 crisis”

So, the affect on the world will be more than 08-09, but the affect on Brasil will be only 25% as bad as the rest of the world.

Surely this puts Brasil at a massive advantage in trading with the rest of the world.

Or have I missed something?
Sep 13th, 2011 - 06:44 pm - Link - Report abuse 0
-+
Forgetit87
You have; you have because of Mercopress's coverage issues. He didn't say the looming world crisis would be tougher. He's said everywhere that it would be softer than that of 3 years ago - but also more prolonged.

http://www.agenciafinanceira.iol.pt/economia/brasil-crise-inflacao-taxas-de-juro-banco-central-brasil-agencia-financeira/1279840-1730.html
Sep 13th, 2011 - 07:00 pm - 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!