GlobalAutoTV
Click to watch Ricardo Castro-Garza -
Click to watch Ricardo Castro-Garza -
latin resources

Need an office in Mexico or Brazil? Office suites, meeting rooms, virtual offices, network access



free downloads
LATIN AMERICA: "Brazil - A world leader in the making" report

LATIN AMERICA: "Brazil - A world leader in the making" report. 40-page REACTION Magazine and report by KPMG.

proceed to download
eJournals




back to index backLATINtalk June,  2004


Brazil seems to be climbing out of the worst recession in history

Brazil is set to show a return to growth, the Central Bank indicated Monday, raising hopes that Latin America’s biggest economy could be inching out of a two-year recession.

The official gross domestic product (GDP) statistic is not published until June 1 but the bank issues a preview called the economic activity index. It showed 1.12% growth in the first quarter from the last quarter of 2016.

Conservative President Michel Temer’s government has been talking up a slow easing of the economic crisis with a return to growth this year.

“The worst is behind us but I do not want to say that it is over,” said Ignacio Crespo, an economist at Guide Investimentos in Sao Paulo.

The Brazilian economy plunged by 3.8% in 2015 and 3.6% in 2016, the worst recession on record. This year GDP should grow overall by 0.5%, the government says.

Crespo indicated agriculture would be the mainstay of that tepid recovery, “because the services sector is still very weak and industry has a long way to go.”

Temer, who took over last year after populist president Dilma Rousseff was impeached, is pushing through reforms to shrink the budget and bring finances under control. His centerpiece, raising the minimum retirement age, faces strong opposition.

Despite signs of hope in the economy, unemployment remains at a record 13.7%, with more than 14 million people out of work.

Source: MercoPress - GAI





previous page

go top
search our site


Loading

LATINtalk

Other articles from the same issue (June,  2004).

Mexico Sees May LV Sales Record
play read on

Mexico: the potential of its automotive powerhouse
play read on

Brazil’s Automobile Production Soars 33.8% in May
play read on

Argentina Creates Tax Benefits Regime for Auto Parts and Motor Vehicles
play read on

Mexico: Why a $1.6bn car plant has been left to decay
play read on

Growing Opportunities in Colombia’s Automotive Market
play read on

Trucks: North America Rebound May Be Set to Slow
play read on

Brazil seems to be climbing out of the worst recession in history
play read on

Mexico warns on NAFTA sourcing: 'Don't shoot ourselves in the foot'
play read on

A talk with Mexico's NAFTA advocate
play read on

Brazil tightens corruption controls on banks and listed companies
play read on

Will There Be a Silk Road to South America?
play read on

Latin American economy rebounds in Q1 after long and painful contraction
play read on

Mexican Tax Authorities Step In On The Subcontracting Regime
play read on

Unemployment in Brazil: 70 percent are between 18 and 39
play read on

International Location Report: Mexico Maintaining a Place in Global Manufacturing
play read on

Mexico’s Manufacturing Activity Seeks the Path to Recovery in 2017
play read on

Doing Business in Mexico 2017 - downloadable report
play read on

Mexico Economic Outlook
play read on

Argentina – Business Visa Waived for 35 Countries
play read on

Labor legislation for foreign workers in Brazil
play read on

Brazil: Tax and financial incentives
play read on

Argentina: Political unrest in Brazil threatens economic recovery
play read on

Brazil record trade surplus and industrial production up 0.6% in April
play read on

What’s the difference between an border tax and import tariff?
play read on

Costa Rica Remains The Most Prosperous Nation (in Central America)
play read on

Nearshore & Offshore Software Developers are Key to Overcoming Talent Drought
play read on

Double Nationality in Mexico
play read on

Latin American exports rebound in first quarter of 2017 pushed by commodity prices
play read on

How to invest in Brazil
play read on


Our Free eJournals
GlobalAutoExperts

To visit GlobalAutoExperts Directory, click here.


©2008 GlobalAutoIndustry.com | HCI Group, Ltd.
101 West Big Beaver Road, Suite 1400 | Troy, MI 48084 USA
USA Tel: +1.248.687.1060 | USA Fax: +1.248.927.0347
Fax UK: +44.(0)845.127.4765 | Fax Europe: +31.20.524.1659 | Fax Asia: +852.3015.8120