19 May 2012

BRASIL : March GDP Stagnates Again For 3rd Straight Month.

http://www.reuters.com/article/2012/05/18/us-brazil-economy-activity-idUSBRE84H11Q20120518


      Brasilia's economic woes continue...as GDP declined in March by 0.35...for the 3rd straight month.
     The economy remains mired in recession...since Q2 of 2011...despite a weakening currency...and the central bank's continued slashing of its benchmark interest rate...to a near record low.
     Officials now hope for 3% growth in 2012...down from a previously optimistic 4.5%.