Brazil grows robustly, inflation in check-Mantega
Thu Jun 17, 2010 11:15am EDT
* Economy to grow 6-6.5 pct for rest of 2010-Mantega* Inflation rate will fall within govt target by year-end
(Updates with more comments and context)
BRASILIA, June 17 (Reuters) – Brazil’s economy will grow solidly in 2010, but a slowdown from the first quarter will allow the government to bring inflation back to target by year-end, Finance Minister Guido Mantega said on Thursday.
Latin America’s largest economy grew a massive 9 percent year on year in the first quarter of 2010 and will grow between 6 and 6.5 …more
Morgan Stanley Raises Growth Outlook for ‘Booming’ Brazil GDP
June 14, 2010, 11:07 AM EDTJune 14 (Bloomberg) – Morgan Stanley raised its growth outlook for Brazil’s economy this year after the government reported stronger than expected first quarter growth.
Morgan Stanley expects Latin America’s biggest economy to expand 7.9 percent this year compared with a previous forecast of 6.8 percent, Marcelo Carvalho, Morgan Stanley’s chief economist in Sao Paulo, wrote in an emailed report today.
“The math changes, although our view ahead does not: Brazil’s economy is booming,” Carvalho wrote.
Brazil’s economy is growing at a Chinese-like pace, with the …more
Good news for property investors in Brazil as economy continues to grow
www.fly2-let.co.uk
June 12 2010
Owners of holiday homes in Brazil should soon be reaping the benefits of increasing consumer confidence and more job opportunities as analysts suggest 2010 is likely to be a better year for the country’s economy.
People looking to invest in Brazilian property in the future also have reason to smile as new real estate rental laws have made things much simpler for fly to let property investors and landlords.Brazil was one of the first nations to officially emerge from recession; with latest …more
Brazil World Cup Preparations on Track, Minister Says
June 15, 2010, 10:07 AM EDTBy Nicky Smith
June 15 (Bloomberg) — Brazil is on track with its preparations for hosting the 2014 soccer World Cup amid concerns that deadlines may not be met, according to the South American nation’s Tourism Minister Luiz Barretto.
“There’s always anxiety about the World Cup” and soccer’s governing body, FIFA, “gets very anxious,” he said in an interview in Johannesburg today. “They had the same attitude towards Germany and the same here” in South Africa. “FIFA set deadlines for the 12 stadia and all the …more
Brazil Economy to Expand 7.7% in 2010, RBC Capital Markets Says
June 15, 2010, 12:37 PM EDT
By Veronica Espinosa
June 15 (Bloomberg) — RBC Capital Markets increased Brazil’s economic growth outlook for 2010 to 7.7 percent from 6 percent after a “solid start” this year.
The nation’s statistic agency said June 8 that Latin America’s largest economy grew 9 percent in the first quarter from a year earlier, the fastest annual rate since 1995, and 2.7 percent from the previous quarter, “giving 2010 a solid start,” Nick Chamie, head of emerging-markets research at RBC, said in an e-mailed …more
Brazil reports highest quarterly GDP growth since 1995
2010-06-09 09:33:01
Special Report: Global Financial Crisis
RIO DE JANEIRO, June 8 (Xinhua) — Brazil’s gross domestic product reached 826.4 billion reais (441.45 billion U.S. dollars) in the first quarter of 2010, up 9 percent year-on-year.
Releasing the figure on Tuesday, the Brazilian Institute of Geography and Statistics (IBGE) said it was the country’s highest quarterly GDP growth since the institute started reporting GDP figures in 1995.
It also marked GDP expansion for four consecutive quarters, and sent a clear signal that the Brazilian economy’s recovery from the international financial crisis …more
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