Economy & Business - May 2009 (ISSN 1741-7430)
Bouncing back, but government cautious
On 28 May the finance minister, Guido Mantega, downgraded his forecast for real GDP growth in 2010 from 4.5% to between 3% and 4%. What is surprising is that the downgrade came days after the best consumer confidence figure, from the Fundação Getúlio Vargas, since September 2008, before the economic crisis struck Brazil.
End of preview - This article contains approximately 1100 words
Subscribers: Log in now to read the full article
Not a Subscriber?
Enquire Now