End of preview - This article contains approximately 136 words.
Subscribers: Log in now to read the full article
Not a Subscriber?
Choose from one of the following options
Back
LatinNews Daily - 08 June 2010
Brazil
Brazil: Preliminary estimates suggest that the national statistics institute figure for first quarter GDP, due out today, will be in the region of 10.2% year-on-year and 2.5% quarter-on-quarter. On those estimates, Brazil would have posted its fastest growth since the Real Plan - 6.1% in the past nine months. Happily, the growth is investment led, which should help allay fears of overheating in the domestic economy. The central bank's monetary policy committee (Copom) meets today and tomorrow to decide whether to lift the benchmark Selic interest rate for a second consecutive month. Inflation expectations have subsided slightly on the back of the European crisis, but the prudent Copom may want to signal its responsible attitude to the markets this election year. The government is also keen to keep a lid on inflation expectations.
