William Campbell Company - Brazil's Economy General View
Brazil's 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 government's target of 4.5%. Brazil's IPCA consumer-price index stood at 5.22% in the 12 months through mid-April.
In order to control inflationary expectations, Brazil's central bank has increased ...