Arab Today, arab today brazil industry group cuts 2013 growth forecast
Last Updated : GMT 16:54:26
Arab Today, arab today
Arab Today, arab today

Brazil industry group cuts 2013 growth forecast

Arab Today, arab today

Arab Today, arab today Brazil industry group cuts 2013 growth forecast

Brasilia - AFP

Brazil\'s main industrial lobby group on Thursday cut its forecast for GDP growth to two percent and that of the industrial sector to one percent, in a gloomy assessment of Latin America\'s biggest economy. The GDP projection was cut from 3.2 percent in March to two percent, and industrial output growth from 2.6 percent to one percent, the National Confederation of Industry (CNI) said in its quarterly report. Brazil\'s industrial production has been hard hit by declining competitiveness and investments. CNI also projected inflation of six percent this year, well above the official target of 4.5 percent. And it cut from 3.5 percent to 2.3 percent projected growth of private domestic consumption, the engine of Brazil\'s economic expansion, as \"the weak economic activity is reflected in the labor market, which is not creating jobs at the pace of the past two years.\" Two years of low growth and high inflation have dented the popularity of President Dilma Rousseff as have three weeks of nationwide street protests by angry Brazilians demanding better public services and an end to corruption. Brazil\'s industrial production contracted 0.8 percent in 2012 and there had been hopes of a rebound this year on the back of strong government incentives. Meanwhile the country\'s GDP expanded a paltry 0.9 percent last year, after 2.7 percent in 2011 and a sizzling 7.5 percent in 2010. The Central Bank also projected lower GDP growth of 2.7 percent this year and inflation of six percent.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil industry group cuts 2013 growth forecast Arab Today, arab today brazil industry group cuts 2013 growth forecast

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today brazil industry group cuts 2013 growth forecast Arab Today, arab today brazil industry group cuts 2013 growth forecast

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday