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Montevideo, June 16th 2019 - 04:48 UTC

Brazil back on the growth path in 2017 after two years of contraction

Saturday, March 3rd 2018 - 10:43 UTC
Full article 2 comments

Brazil's economy grew by a percentage point in 2017 after two years of contraction, government figures showed Thursday, confirming the South American giant's recovery from one of the worst recessions in its history. The agro-industrial sector led the way with 13% growth last year, trailed by the service sector, which showed 0.3% growth. Industrial output remained stable. Read full article

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  • Jack Bauer

    The indices may point to a (slow and gradual) recovery in economic growth, but while Congress sits on the fence, looking after only its own interests, it will take far longer than it would have to...the politicians refuse to vote for the essential reforms, conveniently alleging that to do that , specially in an election year, is extremely unpopular...in 2019, Congress will come to the crossroads and will have to decide which way it wants Brazil to go, either slowly and surely down the drain, or 'eternally' be 'in recovery'. Knowing the corrupt politicians, they'lll vote to cut all investments before they decide to touch their own salaries and absurd benefits. Brazil is still in for some very dark times...thanks to the PT and the largely uneducated and ignorant portion of the population, which does not realize that the situation 'could' be far better.

    Mar 03rd, 2018 - 07:30 pm - Link - Report abuse 0
  • :o))

    REF: “back on the growth path”:
    - could be true in case of a very few commercial sectors
    but mainly to deceive/brainwash the masses/simpletons:
    - Pre-Election Propaganda
    - “Cooked-Up” Indicators
    - Convenient White Lie
    - Fake-News

    Mar 04th, 2018 - 12:01 pm - Link - Report abuse 0

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