Brazil's June economic activity picked up, but recovery remains fragile

Friday, August 16th 2013 - 03:04 UTC

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Brazil's economic activity grew at a slightly slower pace than expected in June despite strong industrial output, data showed on Thursday. The central bank's IBC-Br index climbed 1.13% in June from May in seasonally adjusted terms, up from a decline of 1.50% in the previous month. Read full article

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ChrisR
Brazil still does not get it that Mr. Market sets the rules not a bunch of no-nothings sitting in government offices TELLING the market what to do.

The UK learnt this when Soros burnt the GBP due to the puffed up UK politicians thinking THEY could run the market. George knew better and he was right.

Get real Brazil, a decline of 1.50% the month before a rise of 1.13% M on M is STILL a decline.

Get a foreigner in, preferably George Soros, to advise these numpties and the liar Mantega before it really does go tits up.

But we know that Dilma doesn’t listen to foreign advice because she has every “confidence” in Mantega!

Oh dear. :o(
Aug 16th, 2013 - 01:32 pm - Link - Report abuse 0
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