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Non-Tech : The Brazil Board

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To: THE ANT who wrote (1716)	1/16/2018 7:55:49 AM
From: elmatador	Read Replies (1) of 2504

Economic activity in Brazil expands for third month running Tuesday, January 16th 2018 - 09:34 UTC Full article 0 comments Brazil’s GDP likely grew 1% last year, snapping a two-year period of contraction as slow inflation and record low interest rates propped up consumer spending.Economic activity in Brazil expanded for a third straight month in November, the longest stretch of gains since 2014, suggesting strong momentum at the end of the year. The central bank’s economic activity index rose 0.49% from October after seasonal adjustments The figures are the latest indication that Latin America’s largest economy may have shifted up a gear at the end of 2017 after a much-awaited investments revival in the third quarter. Brazil’s gross domestic product likely grew around 1% last year, snapping a two-year period of contraction as slow inflation and record low interest rates propped up consumer spending. Economists forecast 2.8% growth in 2018, according to a weekly central bank survey, which would be the fastest since 2013. Analysts nevertheless say uncertainty around this year’s presidential elections, the most wide-open in decades, could keep a lid on investments.

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