Arab Today, arab today brazilian fm upbeat about economy
Last Updated : GMT 11:34:58
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Brazilian FM upbeat about economy

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Arab Today, arab today Brazilian FM upbeat about economy

Rio de Janeiro - Xinhua

The Brazilian economy will resume growth from November on, and will end on a positive note this year, said Finance Minister Guido Mantega on Wednesday.\"It has been more or less bad until October. But from November on, we have indications that the economy is warming up.\"Mantega said his country is getting more and more shielded against the impact of the debt crisis in Europe, thanks to the growing domestic market.Brazil\'s swelling middle class, which currently accounts for 52 percent of the population, plays a crucial role in this respect, said strategic affairs minister Moreira Franco.The government will release the third quarter gross domestic product (GDP) figures in December. The Central Bank\'s economic activity indicator, which is considered a GDP preview, registered a 0.32-percent contraction in the period.

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