Brazil economy ends 2011 in higher gear
Economic activity in Brazil rose 0.57 percent in December from November, the second increase in a row, adding evidence of a rebound in Latin America’s largest economy after interest rate cuts and tax incentives. The central bank’s IBC-Br economic activity index , a closely watched proxy for gross domestic product data, rose 0.27 percent in the fourth quarter from the …
Read MoreExpats lured by Brazil’s booming economy
It just made sense to be in South America’s economic heart, Jonathan Rosenthal reasoned, no matter that he had been working on Wall Street with some of the investment world’s most heady firms. The fact was, the United States was in a sustained slump and Europe was tanking, but there were promising opportunities in Brazil. So like a growing number …
Read MoreBrazil economy seen growing faster in 2012
Alexandre Antonio Tombini, who was speaking to reporters on the sidelines of a banking conference in Mumbai, said economic growth would be close 3 percent in 2011. An overvalued exchange rate, high taxes and other costs have kept industrial production flat in Brazil for the better part of two years, despite an economic boom in other areas of the economy …
Read MoreBrazilian Jobless Rate Falls to Record Low in December
Brazil’s unemployment rate declined to a historical low in December, and came below economists’ forecast, data released by statistical office IBGE showed Thursday. The unemployment rate dropped to 4.7 percent in December from 5.2 percent in November. Economists had called for a jobless rate of 4.9 percent. The latest figure was the lowest recorded since the survey began in 2002. …
Read MoreBrazil’s Booming Economy Is Creating 19 ‘Millionaires’ Every Day
Speaking on the fringes of the Private Banking Latin America 2011 conference, Guilhermo Morales, head of Latin American private banking for Portuguese lender Millennium BCP, said Brazilian consumption continues to grow very strongly, boosting the fortunes of retailers, banks and a plethora of industries that are clamoring for size. As these businesses grow, so does their owners’ wealth. “There are …
Read MoreBrazil’s Emerging Economy Equals Big Shift
Brazil has recently been showing distinct and overt signs of growth. The South American country now hosts an economy that has overtaken the UK as the sixth largest in the world. With a population of 200 million, Brazil is proving to be a major power player, especially given its close connection to fellow up and comer China, with both countries …
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