Lo de la crisis brasileña es ya pulmonía... La expectativa de - TopicsExpress



          

Lo de la crisis brasileña es ya pulmonía... La expectativa de crecimiento para el 2013 baja de 3 a 2%. The weak IP number released yesterday reduced the probability of a significant expansion in GDP in 2Q13. In fact, the widespread contraction among sectors substantially increased the risk of GDP growth being lower than our previous 1.0% q/q growth in in 2Q13. In addition, higher volatility in financial markets, deterioration in labor market conditions, worse confidence indicators, weaker retail sales and the outlook for further reduction in business and consumer confidence owing to the public protests in recent weeks in several regions of Brazil, make the GDP great recovery story a little far from reality. We have lowered our forecast for GDP growth from 3.0% to 2.0% in 2013 and from 4.0% to 3.0% in 2014. The 2.0% call for 2013 puts us below 2.5% Bloomberg consensus. (Nilson Teixeira)
Posted on: Fri, 05 Jul 2013 01:15:59 +0000

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