subject: Strathclyde Associates: Taking A Look At Brazils Economy [print this page] Brazils economic output dipped a tiny 0.2% in 2009 and is on course to grow by about 6% well above the 4.5% or so that many economists regard as the potential or noninflationary rate in 2010. Industrial production, retail sales, employment, business and consumer confidence are all on the way up. Consumer price inflation is seen rising to 5.4% a year, 90 basis points above the governments target of 4.5%. Brazils IPCA consumer-price index stood at 5.22% in the 12 months through mid-April. In order to control inflationary expectations, Brazils central bank has increased the countrys reference lending rate by 75 basis points. The Selic rate is 9.50% now and may be increased by another 100 basis points by the end of 2010 if inflationary pressures remain.
Strathclyde Associates: Taking A Look at Brazils Economy -Brazil and India have called Beijing to revalue its currency, the yuan. Both Indian Central Bank Governor Duvvuri Subbarao and his Brazilian equivalent, Henrique Meirelles, have called on China to appreciate the yuan. Earlier, Singapore Prime Minister Lee Hsien Loong said the world needed a stronger yuan. Bank of Japan Governor Masaaki Shirakawa suggested that China should eventually let its currency appreciate.
Strathclyde Associates: Taking A Look at Brazils Economy -Brazil awarded a contract to build and operate the worlds third-largest hydroelectric plant on a tributary of the Amazon River, amid vocal protests by environmental activists. Brazil is pushing ahead with the project despite questions about its impact on the environment. Brazilian authorities argue that relying on hydropower is better for the environment than burning other sources of energy like coal or fuel oil.
Strathclyde Associates is a full service brokerage firm with many years experience in providing a wide array of services globally to a vast group of clients that include private individuals, financial institutions, governments and corporations. Through the Strathclyde Associates Institutional and Private Clients Divisions we provide our clients with services that include Securities, Investment Banking and Investment Management Services.
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