Arab Today, arab today imf brazil needs investment competitive boost
Last Updated : GMT 01:44:06
Arab Today, arab today
Arab Today, arab today

IMF: Brazil needs investment, competitive boost

Arab Today, arab today

Arab Today, arab today IMF: Brazil needs investment, competitive boost

Brasília - AFP

The International Monetary Fund (IMF) Wednesday praised Brazil for producing prolonged macroeconomic stability. But the IMF says Latin America\'s biggest economy must act more decisively on bolstering investment and increase competitiveness if it is to revive growth. After posting strong growth at the end of the decade, Brazil slipped back relatively over the past two years. Looking at the long term growth forecast, the IMF said in its annual assessment of a country whose government is trying to lift growth through tax breaks and other incentives. The country also hopes for a massive boost to the economy when it hosts next summer\'s World Cup, which will bring in an an estimated 600,000 foreign tourists. \"Brazil could achieve long-run potential growth of about 3.5 percent, although this estimate is subject to significant uncertainty and assumes a sustained pick-up in infrastructure investment.\" The IMF added Brazil had to strive to improve productivity, competitiveness and investment to lift growth above a 2013 forecast of just 2.5 percent -- though that followed on from an anemic 0.9 percent in 2012. Against a backdrop of the global economic crisis, the IMF also worried about a potential propensity to import more, slowing growth short term. While saluting \"the expansion of the middle class (which) has been one of Brazil’s success stories over the last decade ... a testament to macroeconomic stability and growth\" the IMF lamented rising demand imbalances and lower saving. \"Consumption has become the dominant demand-side driver of growth while investment and net exports have weakened.\" And the organization also warned against an overheating of mortgage debt, seeing \"some risk\" meriting continual vigilance. The IMF praised Brazil\'s recent inflation record saying that \"since 1999, price stability has been achieved and policy credibility has accumulated.\" At the same time, \"evidence is emerging, however, that this beneficial trend of falling persistence has recently stalled and may be reversing at the same time that medium-term inflation expectations have drifted above the central bank’s target.\" On interest rates, the IMF backed Brasilia\'s monetary policy in order to keep inflation largely in check -- though the 12 month figure came in at 5.86 percent in September. That missed an official central target of 4.5 percent although was under the government ceiling of 6.5 percent. A recent slew of rises have taken the base rate to 9.5 percent, helping to dampen household debt although hitting consumption, a key motor in recent growth.

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 imf brazil needs investment competitive boost Arab Today, arab today imf brazil needs investment competitive boost

 



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 imf brazil needs investment competitive boost Arab Today, arab today imf brazil needs investment competitive boost

 



Arab Today, arab today
Arab Today, arab today Arab tradition glitters in Colombia

GMT 12:59 2017 Thursday ,19 October

Arab tradition glitters in Colombia
Arab Today, arab today Second US judge orders freeze

GMT 08:04 2017 Thursday ,19 October

Second US judge orders freeze
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Silent Republicans have their reasons

GMT 16:55 2017 Thursday ,19 October

Silent Republicans have their reasons
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Sidem reveals plan to improve education

GMT 15:52 2017 Friday ,06 October

Sidem reveals plan to improve education
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Britain's Vauxhall to cut 400 jobs

GMT 10:53 2017 Sunday ,15 October

Britain's Vauxhall to cut 400 jobs
Arab Today, arab today Hussein Fahmy happy for honoring in festival

GMT 07:47 2017 Tuesday ,17 October

Hussein Fahmy happy for honoring in festival
Arab Today, arab today Climate-disrupting volcanoes helped topple

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 09:31 2017 Monday ,16 October

Dalal Abdel Aziz happy for “Seventh Neighbor”

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 18:29 2017 Sunday ,03 September

Designer produced new set of ornaments

GMT 05:11 2017 Tuesday ,17 October

Three killed, 360,000 without power

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 23:42 2017 Monday ,16 October

Better Marriages Make

GMT 06:52 2017 Monday ,16 October

Airbus CEO says won't cling to job

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 19:29 2017 Tuesday ,29 August

Yomna: decoration leaved positive effects
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