Brazilian GDP slows down, but consumption remains high
The GDP (Gross Domestic Product), sum of goods and services generated by the economy, grew 0.8% in the second quarter, showing 1.2% before the downturn of the previous quarter. Consumer spending, driven by higher employment and income, grew by 1%. According to figures released by the IBGE, the loss of rhythm was more concentrated in the industry, which suffer the effects of the strong real. Imports registered an increase of only 0.2%
 |
| PRODUTO INTERNO BRUTO – PIB |
| Taxa Acumulada nos últimos quatro trimentres |
|
|
Agropecuária |
Indústria |
Serviços |
|
| 3o trimestre – 2010 |
5,9 |
10,2 |
5,7 |
| 4o trimestre – 2010 |
6,5 |
10,1 |
5,4 |
| 1o trimestre – 2011 |
5,8 |
7,4 |
4,9 |
| 2o trimestre – 2011 |
2,6 |
4,4 |
4,2 |
|
|
| FONTE: IBGE, Departamento de Contas Nacionais – DECNA. |
|
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Richard Meijer
What I am doing: Besides running a privately hold real estate business I am blogging om MasterclassBrazil.com. MasterClass Brazil was set up to provide a one-stop source of deep-knowledge for the growing foreign business community in Brazil.
Why: Having been in Brazil for around 20 years, I have seen many big companies, expats and individuals failing miserably. I have burned myself once in Brazil, setting up ProgressOil, a company focused on the supply of Brazilian castor oil. I am now running a privately hold real estate business in Brazil.
From all these experiences I have learned a lot. Despite the fact that I speak the language reasonable well, have a strong network and understand the do's and don'ts better, I am absolutely not saying I am an expert or specialist. Everyday I am learning new things and I believe Brazil is changing in such a rapid pace that the only way to survive in Brazil is to generously absorb and understand the information available to you.
From my experience I have learned that there is a lot of information, facts and data about Brazil. I have set up MasterClassBrazil to structure this information so you can turn it in true knowledge, enabling you to be successful in your endeavors.
There is nothing in the world so rewarding as sharing expertise and knowledge.
Richard Meijer
