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| Infographie : F. Descheemaekere |
China Slowdown May Hinder Brazil Growth
[The Rio Times]
The modest recovery seen in Brazil’s economy could be jeopardized by the marked slowdown being witnessed in China, Brazil’s biggest importer, market experts have said.
The warnings came after figures from the Instituto Brasileiro de Geografia e Estatística (Brazilian Institute of Geography and Statistics, IBGE) last week showed that the Brazilian economy had grown by 0.4 percent in the second quarter of the year. However, the IBGE data also showed that poor performance by industry, reduced exports and fewer investments have been preventing a bigger recovery. Revised figures for the first quarter of 2012 showed just 0.1 percent growth in GDP. Predictions for Brazil in 2012 have been cut a number of times in recent months, with the latest market opinion and the Banco Central (Central Bank) last week saying the year would end with just 1.64 percent growth.
Last week Finance Minister Guido Mantega said he believed 2013 would be a strong year for Brazil, with growth of “four percent or more,” but did not comment on whether 2012 would see figures lower than the 2.7 percent growth seen last year.
Lire : riotimesonline.com
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