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Brazil gov’t says GDP growth could hit 3% in 2018

文章来源: 发布日期:2014-09-16 16:14:32 浏览次数:

Brazilian President Michel Temer, who promised economic improvements when he took over the presidency in 2016, praised Brazil’s growing industrial output and the positive performance.
    A combination of falling interest and inflation rates and a boost in consumer and business confidence is signalling that the Brazilian economy, one of the worst faring in BRICS for the past four years, is finally turning a corner.

 

Brazilian President Michel Temer, who promised economic improvements when he took over the presidency in 2016, praised Brazil’s growing industrial output and the positive performance of the stock market during a speech on Tuesday.

One of the critical challenges was how to lower rampant inflation. The Brazilian Central Bank has always maintained that a 4.5 inflation rate is ideal for growth.

In recent months, the rate fell from over 9 per cent to 2.46 per cent.

This may indicate that the Central Bank will have to cut interest rates again – it cut rates by 100 basis points just last week. Since March, it has cut rates from over 14 per cent to 8.25 per cent.

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