Brazil forecasts higher 2012 growth, lower inflation
Brazil will see stronger economic growth this year than in 2011 despite a sluggish global economy, while inflation is edging downward toward the official target of 4.5 percent, the central bank president said Tuesday. “The expectation is that the world economy will slow down in 2012. But the Brazilian economy should accelerate its growth in 2012,” Alexandre Tombini told the …
Read MoreBrazil economy ends 2011 in higher gear
Economic activity in Brazil rose 0.57 percent in December from November, the second increase in a row, adding evidence of a rebound in Latin America’s largest economy after interest rate cuts and tax incentives. The central bank’s IBC-Br economic activity index , a closely watched proxy for gross domestic product data, rose 0.27 percent in the fourth quarter from the …
Read MoreCREA Says Canadian Real Estate Prices Could Increase by up to 9.3% This Year
The Canadian Real Estate Association thinks residential property prices could increase by as much as 9.3% this year due to a strong domestic economy and continued interest from international buyers. This does sound pretty high, especially as prices rose by 4.52% in the year ending June 2011, according to figures from the National House Price Index. The previous two years …
Read MoreGlobal partnerships key to Atlantic Canada’s growth
Entrepreneurial financing in Atlantic Canada is expanding rapidly. Halifax alone has more than 1,200 financial services firms with 14,000 employees, and Bank of Nova Scotia and Royal Bank of Canada both trace their roots back to Nova Scotia. So it’s interesting to note that only 7 per cent of small businesses in the country are in Atlantic Canada, according to …
Read MoreExpats lured by Brazil’s booming economy
It just made sense to be in South America’s economic heart, Jonathan Rosenthal reasoned, no matter that he had been working on Wall Street with some of the investment world’s most heady firms. The fact was, the United States was in a sustained slump and Europe was tanking, but there were promising opportunities in Brazil. So like a growing number …
Read MoreBrazil economy seen growing faster in 2012
Alexandre Antonio Tombini, who was speaking to reporters on the sidelines of a banking conference in Mumbai, said economic growth would be close 3 percent in 2011. An overvalued exchange rate, high taxes and other costs have kept industrial production flat in Brazil for the better part of two years, despite an economic boom in other areas of the economy …
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