The Braziolian economy grew with 1,9% y/y in the second quarter and is expected to grow 3% y/y in the third quarter. Mantega, the minister of economy foresees to clock of 2009 with a growth of 1%; which would be a wild success for Brasil compared to other countries. No wonder that Itau projects the Bovespa to further rise to 66.500 by the end of this year.
The consumer prices went from -1% in July top -0,50% in August.
It’s crucial for Brasil now that investments pump up. Growth cannot only be supported by consumer demand. The installed capacity in Brazil went up to 79,1% again; this is a good sign, only when capacity utilization ramps up above 80% will businesses again invest in extra capacity.
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