• Categories
  • Archives

For Brazil’s Central Bank Chief Economy Is Already on the Rebound

Crowded Brazilian mall The economy of Brazil is showing "clear signs of recovery", in the evaluation of Central Bank president Henrique Meirelles. According to him, there are signs of recovery in the demand for goods and services, "due to the strong component of growth in employment and in income in recent years".

Apart from that, Meirelles mentioned inflation under control, which preserves the buying power of the population.

"All of this grants Brazil capacity to leave the crisis stronger. We are creating imbalances to fight the crisis, we are maintaining the Brazilian State balanced," said the president. In Meirelles' evaluation, the country should leave the crisis in conditions to "accelerate this strong growth" late this year and in 2010.

Meirelles also added that the figures regarding the Gross Domestic Product (GDP) of Brazil are disclosed with slight delay. "The GDP of the first quarter should be disclosed in July, when the condition of the economy was certainly different."

According to Meirelles, the market has varied significantly in terms of expectations concerning the GDP, which is "normal". "The disparity between estimates for growth of the world economies is very great. This is naturally due to the dimensions of the global crisis."

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Too Many Problems: NGOs Refuse to Support Rio +20’s Final Document

Speaking in name of some 1,000 NGOs, at the first plenary session of the ...

Brazil Outlaws Nets for Catching Lobster

To put an end to predatory lobstering in Northeast Brazil, the government prohibited the ...

Humberto de Campos: An Old Brazilian Poet Gets New Life in Print

The third edition of "In the shade of the date trees: oriental tales" (À€ ...

Brazil’s Pantanal, a Biosphere Reserve, in Danger of Disappearing in 45 years

At an average annual devastation rate of 2.3%, the Pantanal, the world’s largest flood ...

Brazil to Slow Growth Pace Now

Brazilian markets rose, as investors reacted positively to an in-line interest rate hike in ...

Brazil’s Trade Surplus Falls 38%, the Worst in Five Years

It was the lowest result since 2003 for the Brazilian balance of trade this ...

In Meeting with Brazilian Leader, Indian Premier Asks for Time-Bomb Action

Brazilian President Luiz Inácio Lula da Silva has been meeting with the leaders of ...

Brazil's singer/composer/minister Gilberto Gil

Gil, Brazil’s Minister and Minstrel, Tours and Charms the US

The eleven North American concert dates during March, from Toronto to Tampa, mark Gil's ...

Almost 1 million Brazilians Stop Receiving their Family Allowance

Over 700 thousand Brazilians have lost their Bolsa Família (Family Allowance), a monthly voucher ...

Brazil’s Mummy Studied in Turin Congress

Interested in ancient Egypt, the first Brazilian emperor, Dom Pedro I, acquired, in the ...