Brazil Flash: ”Government acts to prevent a hard landing”
Published on Wednesday, November 30, 2011
Brazil Flash: ”Government acts to prevent a hard landing”
Summary
The government announced today a set of tax reductions to prevent the economy from decelerating sharply. GDP to grow no more than 0.2%q/q in Q3 after growing around 1.0%q/q in the first quarters of the year. The measures announced today could help GDP to recover slightly in Q4.
Geographies
- Geography Tags
- Brazil
Topics
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- Macroeconomic Analysis
Authors
BBVA Research
BBVA Research