Brazilian government cuts 2012 growth forecast from 4.5% to 3%

Saturday, July 21st 2012 - 07:38 UTC

Full article 7 comments

The Brazilian government said Friday it was cutting its economic growth forecast for this year from 4.5% to 3% due to the impact of the global slowdown. However the figure is still higher than the 2.5% predicted by the Central Bank. Read full article

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ChrisR
So how come the Planning Minister is announcing this instead of the prat of a Finance Minister?

Has Rousseff finally woken up to the fact he is useless?

And they have got to get to 3% yet: I am still betting on the Central Bank being nearer to the number than the 'government', 2.25% perhaps.
Jul 21st, 2012 - 11:02 am - Link - Report abuse 0
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JoseAngeldeMonterrey
Let´s see, Brazil´s economy expanded at a rate of 0.3% in Q1 and 0.2% in Q2, but the Planning Minister is saying that the country will achieve 3% this year. That pretty much means that Brazil will have to grow at rates of 5.7% for the remaining two quarters of the year.
The IMF predicts 2.5% growth, Credit Suisse and other banks are projecting 1.5% only, which Mantega says it is “a joke”.

But the IMF is still being optimistic, because Brazil will have to grow at rates of 4.5% in the next quarters in order to achieve a mere 2.5%.

I think Credit Suisse´s projection is the most realistic, because it assumes that Brazil will manage to expand its economy at 2.8% in the final quarters, to make the 1.5% annual growth number.
Jul 21st, 2012 - 01:08 pm - Link - Report abuse 0
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LightThink
2
You wrote are others' hypothesiss
Where are your own opinion ?
Jul 21st, 2012 - 06:20 pm - Link - Report abuse 0
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briton
as the picture say,

im sick , sick , sick up to here,??
Jul 21st, 2012 - 06:45 pm - Link - Report abuse 0
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JoseAngeldeMonterrey
LightThink,

My opinion is that Credit Suisse´s projections about more accurate.

My feeling is that if Brazil´s economy continues to show stagnant growth in spite of Dilma´s stimulus packages to revive the economy, at some point the country´s economist will have to call it a day and declare a recession. Nobody want´s to say word and we are all wishing that this is only a seasonal slump.
Jul 21st, 2012 - 06:55 pm - Link - Report abuse 0
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Fido Dido
as the picture say,

im sick , sick , sick up to here,??

Camoron looks sicker, but ach, let's not talk about that. He has more austerity measures for in place.

“My opinion is that Credit Suisse´s projections about more accurate.”
Oh sure. How's the drug war going there?
Jul 21st, 2012 - 07:08 pm - Link - Report abuse 0
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JoseAngeldeMonterrey
Which drug war? the one in Colombia or the one in Brazil, Argentina, Peru, Mexico, Guatemala, Honduras, or United States?
Jul 21st, 2012 - 10:38 pm - Link - Report abuse 0
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