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:

Ads

You May Also Like

Brazil Cabinet: The Fall of a Dreamer and a Doer

Following his resignation, Brazil’s former Education Minister Cristovam Buarque, claimed he had been isolated ...

Some Economists Now Believe Brazil Is in a Recession

Brazil held interest rates unchanged for a second straight time this week but did ...

Brazil’s TV Brasil Wants to Be Regional BBC

Experimental transmission of the V World Social Forum (WSF 2005) marked the first steps ...

Brazil Is Betting Disarming Will Lower the Killing

More than 40,000 people in Brazil are killed each year by firearms. The problem ...

Ahmadinejad’s Visit: Iran, Honduras and Brazil’s Hypocrisy in Dealing With Them

The Brazilian diplo-MÁ-cia (bad diplomacy) carries on its accelerated course towards the non-acknowledgment of ...

Wedding Gown

What matters is that you’re going to die. I don’t know how, but you’re ...

Praça dos Três Poderes in Brasília, Brazil

Brazilian Prayer: From Hypocrisy and Alligator Tears Deliver Us, O Lord

Resorting to the biblical parable on the Valley of Tears is off limits to ...

In Brazil Air Gets Better, But Forest Fires Grow Worse

Brazil’s IBGE (Instituto Brasileiro de Geografia e EstatÀ­stica – Brazilian Institute of Geography and ...

Brazilian Volunteers Teaching to Read Win UNESCO Award

A Brazilian educational project carried out in Curitiba, capital of the southern Brazilian state ...

Flex-fuel Cars: a Brazilian Mania Wins the World

Cheaper motoring is high on the agenda for most motorists. Combine that with cleaner ...