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Weekly Report - 20 September 2007 (INNS 1741-7422)
BRAZIL: Growing strong
Brazil's GDP expanded 0.8% quarter-on-quarter between April and June,
according to official statistics released last week. In comparison with the
second quarter of last year, Brazil's GDP was up 5.4%. Significantly, Brazil's
accumulated GDP growth rate stood at 4.8% in the 12-month period from July 2006,
very close to the government's 5% target. Market analysts forecast the economy
will expand 4.7% this year, one percentage point above the 3.7% growth
registered last year.
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