Brazil GDP Trend Still Strong: Mantega

Brazil GDP Trend Still Strong: Mantega

Brazil Economy & Policy Corporate & Sovereign Strategy

Brazil’s economy is set to return to growth in 4Q and continue that way in 2014, finance minister Guido Mantega says in a conference call, despite the 50bp fall in output in 3Q. Mantega points to year-on-year growth of 2.2%. An upward revision of 2Q growth figures made it harder for the country to post 3Q growth in the third quarter, he adds. “The trend for Brazil’s economic indicators for the fourth quarter point to higher growth rates than have been seen for the third quarter. Consumption is i

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