Thursday, March 3, 2011

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IMF Forecast: Brazil 7 th-largest economy, the bank

Brazil 7 th-largest economy


Preliminary data indicate that the Brazil has overtaken France and Britain

In eight years Brazil has gone from 12th to 8th place in the world ranking economic as stated last year by the IMF.

This extraordinary growth is not a bubble economy, the country has experienced a real evolution that has brought such an increase in the minimum wage from 200 to 545 R $, and the creation of 15 million new jobs (of which only 2.5 million in 2010).

The quality of life has improved significantly, although not directly in proportion to economic growth, and progress has been made on issues of poverty, infant mortality and literacy.

encouraging the official data of 2010 followed the IMF's forecast today that preliminary data a team study of economics shows that Brazil has overtaken France and Great Britain with a growth of Gross Domestic Product (GDP) of 5% in 2010.
The information was disclosed by Treasury Guido Mantega that this progress has been achieved in Brazil, the seventh in the world rankings.

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central base rate rises to 11, 75%

base rate raised to 11, 75%


The Brazilian central bank raised its rate ' annual basic interest rate half-point, 11, 75%, to tackle inflation. This is the second consecutive increase this year. The rate was already 'been raised to the same extent in January and is' now the most' high from the beginning of 2009. Brazil remains the country with the highest interest rate 'highest in the world in real terms. The decision of the Monetary Policy Committee and 'was unanimous, and aims to "continue the process of adjustment of monetary conditions in Brazil." The Brazilian government has set an inflation target of 4.5%, two percentage point margin of tolerance for this year, which means that the rate can not 'exceed the intent of Brasilia, 6.5 %. The committee meets every 45 days to decide whether to change il tasso, detto Selic. La prossima riunione e' fissata per il 19 e 20 aprile.

fonte:adnkronos.com

Tuesday, March 1, 2011