Telebras (TBH) & Brazil Message Board

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Strategies & Market Trends : Telebras (TBH) & Brazil

TBH 0.952

-7.6%

3:59 PM EST

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To: Steve Fancy who wrote (12223)	1/22/1999 10:34:00 AM
From: Steve Fancy	Read Replies (1) of 22640

Firjan estimates two-digit inflation rate São Paulo, 22 - Rio de Janeiro Federation of Industries (Firjan) estimates Brazil's inflation rate at 5% to 10% in 1999. According to Firjan, the Brazilian Gross Domestic Product should shrink 5%. According to the study, prepared by Firjan head, Eduardo Eugênio, industrial activity should be below that of 1998, but 74% of the entrepreneurs should maintain their investments. Gouvêa Vieira estimates that the real devaluation impact should be more significant on sectors depending on imported raw material. (Jornal do Brasil)

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