GlobalAutoTV
Click to watch Wim van Acker -
Click to watch Wim van Acker -
latin resources

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



free downloads
LATIN AMERICA: "Brazil: Merger & Acquisitons Research 2012 - 4th Quarter" report

LATIN AMERICA: "Brazil: Merger & Acquisitons Research 2012 - 4th Quarter" report. 39-page report by KPMG Brazil.

proceed to download
eJournals




back to index backLATINtalk March,  2005


Brazil's Economic Growth Is Highest in 10 Years

RIO DE JANEIRO -- Economic growth in Brazil slowed in the fourth quarter of 2004 from the third, but still rose enough to bring full-year growth to its highest level in 10 years, giving a boost to President Luiz Inácio Lula da Silva's government.

Brazil's gross domestic product rose a median 4.9% and an average 4.7% in the fourth quarter of 2004 from the year-earlier period, according to the forecast of seven economists polled by Dow Jones Newswires. In the third quarter, GDP had expanded at a rapid 6.1% pace.

The government's statistics institute IBGE will release the data tomorrow.

Much of the slowdown came as the upswing in South America's biggest economy is becoming more mature, as the basis of comparison in the fourth quarter was higher. Yet growth in the fourth quarter was high enough to push Brazil's GDP expansion in 2004 to a median of 5.2% and an average of 5.1%, according to estimates by 11 economists. That would be the fastest economic growth since 1994, when GDP surged 5.85%.

In 2003, GDP rose a mere 0.5%.

The government under the guidance of Finance Minister Antonio Palocci had kept tight fiscal and monetary policies to stabilize the economy and allow for long-term growth.

But critics of Mr. da Silva's increasingly centrist government were outraged by a primary surplus that surpassed a target of 4.5% in 2004, and a Central Bank base interest rate that is among the highest in the world amid persistent stubborn inflationary pressures.

Source: Wall Street Journal – Dow Jones Newswires - GAI


previous page

go top
search our site


Loading

LATINtalk

Other articles from the same issue (March,  2005).

Brazil's Economic Growth Is Highest in 10 Years
play read on

The employment relationship in Brazil
play read on

Let's Sell Brazil
play read on

Best Business City in Latin America
play read on

FDI in Mexico in 2004 stood at 16.601 billion USD
play read on

Congress approves 2005 tax reform
play read on

Importance of the mechanical sector in the Mexican economy
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