Bloomberg: "... Brazil’s growth prospects are being limited by the strength of the real, which has climbed 47 percent since the end of 2008, as well as external factors, said Augusto de la Torre, the chief economist for Latin America at the World Bank, at the Bloomberg Brazil Conference today in New York.
The country risks becoming a “prisoner of its own hype”as it faces the twin dilemmas of a strengthening currency and consumer price increases above the central bank’s target,Christopher Sabatini, senior policy director for the Council of the Americas, said at the same conference....
The credit rating for Latin America’s largest economy is unlikely to be upgraded again this year without fundamental changes to its macroeconomic structures, according to Mauro Leos-Lopez, an analyst at Moody’s Investors Service. The agency raised Brazil’s debt rating by one level to Baa2 last month...
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