Brazil's Economy Countering Central Bank Claims

Posted by BorsaStreet.com on Wednesday, September 14, 2011
Brazil's economy remains resilient to outside shocks and sluggish global growth, with the latest activity figures countering claims made by central bankers of a broader deceleration, says BES Investimento. The central bank's economic-activity index rose 0.46% in July from June and climbed 3.4% from a year earlier. The report
"underpins our view that domestic demand continues to grow at a sound pace." BES is skeptical of central-bank claims that recent international jitters will contaminate Latin America's largest economy, with the latest data challenging the "soothing message" conveyed by the central bank.

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