Brazilian economy slows down in March for third consecutive month

Monday, May 21st 2012 - 03:56 UTC

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Brazilian government's economic activity index dropped for the third consecutive month in March, confirming a slowdown in the economy in the period. Read full article

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yankeeboy
Doesn't look like Brazil will be buying many cars this year or next. India and China are also rapidly slowing so Soy sales will be down.
Trade war coming with USA and UK EU.
Arg needs U$12B to meet next years interest payments, they think they can squeeze U$11B from a positive trade balance, I wonder how they are predicting that number.....I smell ANOTHER default...
May 21st, 2012 - 11:26 am - Link - Report abuse 0
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Brit Bob
The World should stop indulging CFK & Co. Argentina remains in default on its debt to the Paris club of sovereign creditors, and has not paid the sums that the World Bank's International Centre for the settlement of Investment Dispute has determined it owes foreign companies. The other month the US suspended duty free access for some Argentine exports yet the country still belongs to the G20 and can borrow money from organisations, and its citizens can visit all of Europe without a visa. That amounts to a free pass in foreign policy. If these privileges are revoked then Argentines might see the true cost of their president's antics.
May 21st, 2012 - 02:13 pm - Link - Report abuse 0
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MurkyThink
@ 2.....boss eyed boy....this article subject is Brazil not Argentina.
May 21st, 2012 - 02:16 pm - Link - Report abuse 0
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yankeeboy
2. All of that is happening right now everything you speak of is coming to a head and should be resolved against Arg shortly.
May 21st, 2012 - 02:43 pm - Link - Report abuse 0
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Brit Bob
@3 But dont you just love it...?
May 21st, 2012 - 03:20 pm - Link - Report abuse 0
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geo
Fido ........where are you .........

Remember ,in August 2011 as I said to you in a discussion that

THE BRASIL ECONOMY CAN NOT GROW AT HIGH SPEEDS.
May 21st, 2012 - 07:31 pm - Link - Report abuse 0
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Fido Dido
“THE BRASIL ECONOMY CAN NOT GROW AT HIGH SPEEDS.”

Geo, again, what is “high speed” for you? 7.5% or above 8% like China?

Brazil is NOT China. you keep comparing it with China or other nations that grow in HIGH percentage. 7.5% or above growth on yearly based is unsustainable for Brazil. It can grow at that rate ONLY if they do the a structural TAX REFORM in Brazil, but even with that, it is not healthy for Brazil to grow like China. Since Brazil cares more about sustainability , between 3 and 5 % are the targets for them, but SLOW for statistic freaks. Don't look at the percentage, that's for statistic freaks. Real growth is when the people can afford the real stuff they need. Tax Reform (as I can read) is already on it's way (finally), but it's long process since States in Brazil also have a say in what structural reforms they want and need based on their local/state economy plus they have to deal with the Federal Government. Good news is Dilma is a fan of decentralization but since there are still people in Brasilia who enjoy a central power, it takes long.
May 21st, 2012 - 08:45 pm - Link - Report abuse 0
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geo
7 / fido

but ..Argentina can grow at higher speeds ?

*********

Brasil.........
the Tax Reform is not enough to ginger up higher growth rates.!
May 21st, 2012 - 09:21 pm - Link - Report abuse 0
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