Brazil economic activity picks up in July, but will end below 2% in 2012

Saturday, September 15th 2012 - 05:24 UTC

Full article 5 comments

Brazil’s economic activity rose more than forecast in July, posting the biggest expansion in almost a year. The non-seasonally adjusted economic activity index rose 2.34% from a year earlier after rising 0.99% in June, the central bank said in a report. Read full article

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ChrisR
I remember earlier this year the prat Mantega claimed that the downturn was over and that he was very confident the figure would be 3.5%

I said he should go then as he clearly did not understand what was going on and 1.0% would be good (remember the accuracy of determination is at least +/- 0.5%).

I will stay with that; it's not the end of the year yet.
Sep 15th, 2012 - 03:51 pm - Link - Report abuse 0
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DeMouraBR
That's the result of populism.
Sep 15th, 2012 - 10:37 pm - Link - Report abuse 0
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British_Kirchnerist
“Brazil’s economic activity rose more than forecast in July”

...proving the haters on here wrong...
Sep 16th, 2012 - 09:32 pm - Link - Report abuse 0
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Fido Dido
I advise the haters to concentrate on their own nation that's in a mess.
Sep 17th, 2012 - 01:42 am - Link - Report abuse 0
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ChrisR
@3 & 4

Presumably both you numbnuts think because I post a strong comment I hate Brazil.

As usual, you are both wrong.

I think Rousseff has done a very good job indeed having taken over from Lula one of the most corrupt pack of crooks known as the government. And that's saying something for LatAm.

Her decisive actions in getting rid of the leeches and promoting people of real ability like the head of Petrobras shows she has the steel to do things the right way. It is surprising therefore that even though she has criticised Mantega in public he is still there.

Such a pity that you pair of twats can't really see the full picture when it's staring you in the face.

BTW B_S_K, one month means nothing in any economy, which is why I am sticking to my assessment of the situation.
Sep 17th, 2012 - 11:34 am - Link - Report abuse 0
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